Spanish authorities have arrested 34 members of a cybercrime group that defrauded victims of 3 million euros. The group operated in various locations in Spain and used tactics such as phishing, smishing, and vishing to conduct financial fraud. The investigation began after police detected illegal access to financial databases and money being deposited, followed by demands for the money from account holders. The group targeted banking customers and also engaged in “child in trouble” scams, where they pretended to be a child in urgent need of money. They also sold custom phishing pages to other criminals and laundered their earnings through crypto assets. The leaders of the network have been placed in provisional prison, and over 1,000 complaints have been clarified.
Spanish authorities have arrested 34 members of a cybercrime group that defrauded victims of 3 million euros. The group operated in various locations in Spain and used tactics such as phishing, smishing, and vishing to conduct financial fraud. The investigation began after police detected illegal access to financial databases and money being deposited, followed by demands for the money from account holders. The group targeted banking customers and also engaged in “child in trouble” scams, where they pretended to be a child in urgent need of money. They also sold custom phishing pages to other criminals and laundered their earnings through crypto assets. The leaders of the network have been placed in provisional prison, and over 1,000 complaints have been clarified.