Spanish Police Takes Down Massive Cybercrime Ring, 40 Arrested
May 11, 2023
Cyber Crime / Phishing
The National Police of Spain said it arrested 40 individuals for their alleged involvement in an organized crime gang called Trinitarians . Among those apprehended include two hackers who carried out bank scams through phishing and smishing techniques and 15 other members of the crime syndicate, who have all been charged with a number of offenses such as bank fraud, document forgery, identity theft, and money laundering. In all, the nefarious scheme is believed to have defrauded more than 300,000 victims, resulting in losses of over €700,000. "The criminal organization used hacking tools and business logistics to carry out computer scams," officials said . To pull off the attacks, the cybercriminals sent bogus links via SMS that, when clicked, redirected users to a phishing panel masquerading as legitimate financial institutions. These SMS messages sought to induce a false sense of urgency and increase the actors' chance of success by urging the recipients to clic...