Ukrainian “cyber-police” have arrested 9 alleged associates of a prolific phishing gang that built 100 million hryvnias ($3.4m) by luring locals with the promise of financial guidance from the EU.
Electronic specialists teamed up with Pechersk Police Office officers and professionals from the National Financial institution of Ukraine (NBU) to crack the situation.
The 9 are accused of setting up and working over 400 phishing websites that asked for victims enter their lender account and card information in order to apply for social welfare payments from the EU.

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When they acquired the knowledge, the gang would use it to hijack users’ accounts and transfer their funds.
In accordance to the NBU, above 5000 victims have been scammed this way, earning the fraudsters tens of millions.
While arresting the nine gentlemen, the law enforcement also seized laptop gear, cell telephones, financial institution playing cards and income attained by legal usually means.
Those arrested experience 15 a long time powering bars if identified responsible. They’ve been accused of fraud and unauthorized interference in the work of IT devices and networks.
The incident displays the agility of scammers in exploiting quickly modifying neighborhood situations to monetize attacks at any price tag. With several suffering financial hardship in the state due to the fact Russia’s invasion, the entice of potential EU economic aid proved irresistible.
This is not the initially time Ukrainian investigators have trumpeted successes in arresting cyber-criminals.
In February, they claimed to have arrested a gang of five that allegedly tricked tens of thousands of victims into handing about their credit history card information on spoofed sites.
In November, the Security Services of Ukraine (SSU) arrested yet another group that lured victims to phishing websites and persuaded them to down load apps that offered distant accessibility to their cell units.
These successes occur in stark contrast to a Russian regulation enforcement plan of enabling cyber-criminals to remain lively as long as their efforts are qualified at foreign victims.
Some sections of this write-up are sourced from:
www.infosecurity-magazine.com