Euro-cops swoop on multi-million cyber-theft op, arrest 49

Europol raids 58 locations in three countries in pursuit of phishing gang

Tags: CameroonCyber crimeEuropol (www.europol.europa.eu/)ItalyNigeriaPolandSpain
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Euro-cops swoop on multi-million cyber-theft op, arrest 49 Officers raided 58 locations in Spain, Poland and Italy, Europol said.
By  Stephen McBride Published  June 10, 2015

Police yesterday detained 49 people across Europe in a co-ordinated Europol operation against a cyber-crime cabal suspected of stealing millions of euros from bank accounts, Reuters reported.

Officers raided 58 locations in Spain, Poland and Italy, Europol said.

"The parallel investigations revealed international fraud totalling EUR6m, accumulated within a very short time," the Hague-based police co-operative said in a statement.

The targeted cyber-gang had used phishing techniques to steal security credentials from account holders and syphoned off millions from balances. Suspects are reportedly mainly from Nigeria and Cameroon. They transferred the cash to banks outside the EU through a series of money-laundering transactions.

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