"Ukrainian Cops Bust Multimillion-Dollar Phishing Gang"

Ukrainian “cyber-police” recently arrested nine alleged members of a prolific phishing gang that made 100 million hryvnias ($3.4m) by luring locals with the promise of financial support from the EU.  Digital experts teamed up with Pechersk Police Department officers and specialists from the National Bank of Ukraine (NBU) to crack the case.  The nine arrested individuals are accused of building and operating over 400 phishing sites that requested victims enter their bank account and card details in order to apply for social welfare payments from the EU.  Once they received the data, the gang would use it to hijack users’ accounts and transfer their funds.  According to the NBU, over 5000 victims were scammed this way, earning the fraudsters millions.  The police also seized computer equipment, mobile phones, bank cards, and money obtained by criminal means while arresting the individuals.  Those arrested face 15 years behind bars if found guilty.  They have been accused of fraud and unauthorized interference in the work of IT systems and networks.
 

Infosecurity reports: "Ukrainian Cops Bust Multimillion-Dollar Phishing Gang"