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Phishing scam convinces US government to pay $23.5 million to cyber criminals

You are here: Home / General Cyber Security News / Phishing scam convinces US government to pay $23.5 million to cyber criminals
May 3, 2022

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The US Section of Protection (DoD) has confirmed it was the sufferer of a $23.5 million phishing fraud in 2018, and that the legal has lastly been punished.

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Forty-12 months-aged California resident Sercan Oyuntur was trialled on 28 April and located guilty of committing many counts of fraud in opposition to the US authorities, as well as aggravated identity theft and building phony statements to federal officers.

During a 3-month window concerning June and September 2018, Oyuntur and his associates in Germany, Turkey, and New Jersey served to ship phishing e-mails to DoD contractors purporting to be communications from the governing administration.

The e-mail contained links to spoofed web pages they developed that appeared to mimic the authentic web web page of the Typical Assistance Administration (GSA).

The email messages and spoofed site inspired the sellers to input their login credentials which could be applied to access their account aspects, such as the monetary info needed for the DoD to shell out for goods and expert services.

The successful incident noticed a provider of jet gas tumble sufferer to the phishing fraud and Oyuntur was in a position to use the login qualifications to modify the vendor’s payment facts to his possess, ultimately leading to the DoD paying out Oyuntur $23.5 million for jet gasoline he did not supply.

Oyuntur opened a lender account registered to a shell organization and employed it in the scam. The shell corporation was made with support from an affiliate, Hurriyet Arslan, who owned a utilized auto dealership in New Jersey.

Arslan was accountable for opening the shell enterprise, registering its phone variety, discovering an personal to pose as the company’s proprietor, and opening the lender account itself.

The criminals had trouble accessing all the cash following the DoD completed the payment and sought support from an affiliate in Turkey to forge a govt agreement, which they could show the bank, in a bid to encourage it to launch the full sum.

The blended optimum jail sentences for Oyuntur’s charges amount of money to 107 several years, with all fines relating to the fraud charges also amounting to $3 million or 2 times the gross profits or loss relating to the offence, whichever is increased, the DoD said.

The remaining expenses also deliver a probable $250,000 wonderful or two times the attain or decline from the offence, whichever is greater.

Oyuntur’s sentencing will be determined afterwards, even though Arslan will be sentenced in June.


Some pieces of this article are sourced from:
www.itpro.co.uk

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