"Ukrainian Cops Bust Prolific Phishing Group"

Ukrainian police have arrested a phishing gang that allegedly tricked tens of thousands of victims into handing over their credit card details on spoofed sites.  The five individuals reportedly made over five million hryvnias ($172,600) from their scheme, which involved faking mobile operator websites.  The head of the cybergang purportedly designed over 40 phishing pages, mimicking sites where users typically top-up their mobile phone balance.  They were able to steal card details to drain the bank accounts of over 70,000 victims.  Rather than phishing emails, the group is said to have used paid online marketing and social media advertising to reach their targets.  The adversaries hosted the phishing sites on their own infrastructure, managed by one group member.  Three others were tasked with fraudulently transferring funds out of the victim's bank accounts, receiving a percentage of the profits in return.  Police searched the suspects' homes, seizing computer equipment, mobile phones, flash drives, bank cards, and over two million hryvnias ($69,000) in cash.  The adversaries face up to eight years in jail.  

Infosecurity reports: "Ukrainian Cops Bust Prolific Phishing Group"