“Once access to companies’ corporate email accounts was secured, the offenders monitored communications to detect payment requests. The company’s customers were then requested by the cybercriminals to send their payments to bank accounts controlled by the criminal group. These payments were immediately cashed out through different means.”The suspects, mainly from Nigeria, Cameroon and Spain, then transferred the stolen profits out of the European Union through a “sophisticated network of money laundering transactions.” According to Europol, the parallel investigations, involving Italy’s Postal and Communications Police, the Spanish National Police, the Polish Police Central Bureau of Investigation, and UK law enforcement, revealed international fraud totaling €6 million euros, accumulated over a very short period of time. In addition to the arrests, 58 properties were searched in the operation, where authorities confiscated laptops, hard disks, telephones, tablets, credit cards and cash, SIM cards, USBs, forged documents, as well as bank account documents.
“Yesterday’s action against cybercriminals yielded excellent operational results and demonstrated that several EU bodies and national authorities, joining forces, can together successfully combat one of the most difficult-to-detect forms of modern criminality,” said the European Union’s Judicial Cooperation Unit (Eurojust).