• Menu
  • Skip to main content
  • Skip to primary sidebar

The Cyber Security News

Latest Cyber Security News

Header Right

  • Latest News
  • Vulnerabilities
  • Cloud Services
Cyber Security News

Online Investment Fraud Network Taken Down by Law Enforcement

You are here: Home / General Cyber Security News / Online Investment Fraud Network Taken Down by Law Enforcement
January 28, 2022

Bulgarian law enforcement has successfully taken down a network of on line financial commitment fraudsters accountable for losses of extra than €10m.

The operation, supported by Europol and Eurojust, took place on January 26. This resulted in the arrest of 1 specific by the Bulgarian Nationwide Police on suspicion of defrauding mostly German and Greek buyers out of at the very least €10m. In addition, 24 locations were being searched, law enforcement officers interviewed 66 witnesses in Sofia and Burgas and a range of digital machines, economical information and facts and recordings have been seized.

The rip-off was conducted by an structured crime group that established up bogus internet websites and get in touch with facilities. Phone operators speaking German, Greek, English and Spanish posed as fiscal consultants and contacted probable traders with claims of important gains. This led to many hundred victims earning substantial investments, which they misplaced fully.

✔ Approved From Our Partners
AOMEI Backupper Lifetime

Protect and backup your data using AOMEI Backupper. AOMEI Backupper takes secure and encrypted backups from your Windows, hard drives or partitions. With AOMEI Backupper you will never be worried about loosing your data anymore.

Get AOMEI Backupper with 72% discount from an authorized distrinutor of AOMEI: SerialCart® (Limited Offer).

➤ Activate Your Coupon Code


German and Greek traders who shed their investments notified legislation enforcement, top to the investigation and subsequent motion.

All through the procedure, two professionals from Europol were on the floor to facilitate the information trade and offer true-time operational evaluation and complex experience. The joint motion was coordinated by Eurojust, who also provided cross-border judicial aid.

Europol discussed: “In 2019, Bulgarian authorities started off investigations and Eurojust established up a joint investigation workforce (JIT) between Bulgaria, Germany, Greece, Serbia and Europol. Following 5 coordination conferences with Europol and Eurojust, the JIT customers were able to detect the two fraudulent get in touch with facilities in Bulgaria. The Bulgarian police, supported by the Serbian authorities, dismantled both of those phone facilities on the action day.”

Very last November, Proofpoint warned consumers of a sizeable rise in call center menace exercise, in which attackers use email alongside phone centre shopper assistance agents to scam victims, often out of tens of hundreds of bucks.


Some components of this posting are sourced from:
www.infosecurity-journal.com

Previous Post: «north korean hackers using windows update service to infect pcs North Korean Hackers Using Windows Update Service to Infect PCs with Malware
Next Post: How Wazuh Can Improve Digital Security for Businesses Cyber Security News»

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Report This Article

Recent Posts

  • Enzo Biochem Hit by Ransomware, 2.5 Million Patients’ Data Compromised
  • US and Korean Agencies Issue Warning on North Korean Cyber-Attacks
  • Malicious PyPI Packages Use Compiled Python Code to Bypass Detection
  • New Botnet Malware ‘Horabot’ Targets Spanish-Speaking Users in Latin America
  • The Importance of Managing Your Data Security Posture
  • Camaro Dragon Strikes with New TinyNote Backdoor for Intelligence Gathering
  • Insurers Predict $33bn Bill for Catastrophic “Cyber Event”
  • Chinese Phishing Gang “PostalFurious” Expands Campaign
  • Kaspersky Says it is Being Targeted By Zero-Click Exploits
  • North Korea’s Kimsuky Group Mimics Key Figures in Targeted Cyber Attacks

Copyright © TheCyberSecurity.News, All Rights Reserved.