crime

Massive Cyber Fraud Ring Busted in Global Online Scam Operation

Summary

Law enforcement agencies across five countries announced the takedown of a massive cybercrime syndicate today. The group allegedly defrauded victims worldwide of over $120 million

Law enforcement agencies across five countries announced the takedown of a massive cybercrime syndicate today. The group allegedly defrauded victims worldwide of over $120 million through phishing scams and identity theft over the past two years. Authorities arrested 18 suspects and seized servers used to run the operation. According to the FBI, the criminals targeted financial institutions and online marketplaces, exploiting vulnerabilities in multi-factor authentication systems. Europol highlighted the significance of international cooperation in dismantling the ring, which had been under investigation since mid-2025. Experts warn users to stay vigilant against phishing attempts as cyber threats evolve.
1h ago
Massive Cyber Fraud Ring Busted in Global Online Scam Operation

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