54 arrests made in connection with social engineering financial scam.
Efforts by Spanish and Portuguese law enforcement last month saw 54 people arrested on charges of social engineering and using fraudulent phone calls.
In a statement by Europol, it said those charged were responsible for €2,500,000 in losses, with computers, laptops, mobile phones and SIM cards collected.
The tactic of voice phishing - vishing - would be used, with one of the gangs calling victims pretending to be a bank employee, and telling them there was something wrong with their account. From this they gained information on the victim, and would visit the victim in person.
Dan Raywood is a seasoned B2B journalist with over 20 years of experience, specializing in cybersecurity for the past 15 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes. Outside work, Dan enjoys supporting Tottenham Hotspur, managing mischievous cats, and sampling craft beers.
Dan Raywood is a seasoned B2B journalist with over 20 years of experience, specializing in cybersecurity for the past 15 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes. Outside work, Dan enjoys supporting Tottenham Hotspur, managing mischievous cats, and sampling craft beers.
An error occurred trying to play the stream. Please reload the page and try again.
CloseRegistering with SC Media is 100% free. Join tens of thousands of cybersecurity leaders today and gain access to the latest analysis shaping the global infosec agenda.
