Thursday, March 28, 2024

Europol Knock Down 100+ Organized Cybercriminals Who Involved SIM Swapping & Other Online Frauds

The law enforcement Spanish National Police (Policía Nacional), Italian National Police (Polizia di Stato), Europol, and Eurojust have recently dismantled a cybercriminal network connected to the Italian mafia.

After the news, the police started their operation to find the cybercriminals, the operation led to the arrests of 106 people on the island of Tenerife in Spain, as well as in Turin and Isernia in Italy, who are involved in various cybercrimes and money laundering.

After arresting the cybercriminal, the law enforcement officers have proclaimed that this group of people was mainly involved in cybercrime like SIM-card swapping, as well as phishing and vishing, and they also try to comprehend the networks of companies, steal funds, or trick employees into transferring payments to accounts managed by the threat actors.

Overall Results

On completion of the investigation, the law enforcement has listed the overall results, and here we have mentioned them below:

  • 106 arrests, mostly in Spain and some in Italy 
  • 16 houses were searched 
  • 118 bank accounts halted
  • Seizures involve many electronic devices
  • 224 credit cards
  • SIM cards
  • Point-of-sale terminals
  • A marijuana plantation, and tools for its cultivation and distribution.

Europol to support the field activities

Europol expedited the data that has been exchanged, the operational coordination, and implemented a brief of analytical support for this investigation.

The investigation has lasted over a year, and during the operational activities, Europol extended two investigators and along with that one forensic expert to Tenerife, Spain, and one analyst to Italy. 

Not only this, Europol has also funded the deployment of three Italian researchers to Tenerife so that they can support the Spanish officials during the operation day.

However, the Joint Cybercrime Action Taskforce (J-CAT) at Europol has fully supported the procedure. The whole standing operational team involves cyber liaison officers that belong to different countries and those who work from the same department on high-profile cybercrime inquiries. But, when the threat attackers were recognized and perceived, the group abused the victim and telling them not to testify.

You can follow us on Linkedin, Twitter, Facebook for daily Cybersecurity updates

Website

Latest articles

Wireshark 4.2.4 Released: What’s New!

Wireshark stands as the undisputed leader, offering unparalleled tools for troubleshooting, analysis, development, and...

Zoom Unveils AI-Powered All-In-One AI Work Workplace

Zoom has taken a monumental leap forward by introducing Zoom Workplace, an all-encompassing AI-powered...

iPhone Users Beware! Darcula Phishing Service Attacking Via iMessage

Phishing allows hackers to exploit human vulnerabilities and trick users into revealing sensitive information...

2 Chrome Zero-Days Exploited at Pwn2Own 2024: Patch Now

Google has announced a crucial update to its Chrome browser, addressing several vulnerabilities, including...

The Moon Malware Hacked 6,000 ASUS Routers in 72hours to Use for Proxy

Black Lotus Labs discovered a multi-year campaign by TheMoon malware targeting vulnerable routers and...

Hackers Actively Exploiting Ray AI Framework Flaw to Hack Thousands of Servers

A critical vulnerability in Ray, an open-source AI framework that is widely utilized across...

Chinese Hackers Attacking Southeast Asian Nations With Malware Packages

Cybersecurity researchers at Unit 42 have uncovered a sophisticated cyberespionage campaign orchestrated by two...
Balaji
Balaji
BALAJI is an Ex-Security Researcher (Threat Research Labs) at Comodo Cybersecurity. Editor-in-Chief & Co-Founder - Cyber Security News & GBHackers On Security.

Mitigating Vulnerability Types & 0-day Threats

Mitigating Vulnerability & 0-day Threats

Alert Fatigue that helps no one as security teams need to triage 100s of vulnerabilities.

  • The problem of vulnerability fatigue today
  • Difference between CVSS-specific vulnerability vs risk-based vulnerability
  • Evaluating vulnerabilities based on the business impact/risk
  • Automation to reduce alert fatigue and enhance security posture significantly

Related Articles