SOURCE: Police say scammers who used email fraud, SIM swapping are connected to Italian mafia | CyberScoop
- Police in Spain and Italy have arrested 106 suspects accused of phishing, credit card fraud and other cybercrime techniques in conjunction with drug trafficking and property crime.
- The scammers have used business email compromise schemes and SIM swapping (taking control of victims’ phone numbers to steal sensitive information) before laundering the funds to a network of shell companies and money mules.
- Most of the suspects had ties to Italian organized crime groups named Camorra, a European drug syndacite, and Sacra Corona Unita, which specializes in extortion and money laundering.