Phishers 'compromise 10,000 bank accounts'

Six arrests have been made as part of an investigation into a phishing network, believed to have compromised 10,000 bank accounts.


Five men and one woman were arrested this week in relation to an investigation into a phishing network, police have confirmed.

The alleged cyber gang are thought to have compromised 10,000 online bank accounts and are also believed to have taken control of 10,000 credit cards, from which it is estimated they gained over 3 million, the Metropolitan Police Service (MPS) said.

Advertisement - Article continues below

The suspected scammers also allegedly stole 358,000 by taking over bank accounts.

"A great deal of personal information was compromised and cleverly exploited for substantial profit," said Detective Inspector Colin Wetherill, from the MPS' Police Central e-Crime Unit (PCeU).

"By disrupting the operation we have hopefully prevented further loss to individuals and institutions across the UK."

The investigation was part of the PCeU's anti-phishing initiative, otherwise known as Operation Dynamophone.

PCeU Officers made the arrests after carrying out five searches across London and an address in Navan, Ireland, with the assistance of the MPS Territorial Support Group and the Irish Garda Siochana Fraud Investigation Bureau.

It is thought the gang behind the illicit operation had been sending a large amount of unsolicited spam emails, asking recipients to visit specially created websites claiming to be legitimate banking webpages.

Victims were then asked to enter personal data, in the classic phishing style, which was taken by the suspected fraudsters to access online bank accounts and move funds. Credit card info was obtained in the same way.

Advertisement - Article continues below
Advertisement - Article continues below

How much the phishing network managed to acquire in total is yet to be ascertained.

Commenting on the scam, senior technology consultant at Sophos, Graham Cluley, said people should be careful about what links they click on.

"Clearly old-fashioned phishing by creating a bogus banking webpage remains a way to make dirty money," he added in a blog post.

Featured Resources

Top 5 challenges of migrating applications to the cloud

Explore how VMware Cloud on AWS helps to address common cloud migration challenges

Download now

3 reasons why now is the time to rethink your network

Changing requirements call for new solutions

Download now

All-flash buyer’s guide

Tips for evaluating Solid-State Arrays

Download now

Enabling enterprise machine and deep learning with intelligent storage

The power of AI can only be realised through efficient and performant delivery of data

Download now



10 quick tips to identifying phishing emails

16 Mar 2020
mergers and acquisitions

Panda Security to be acquired by WatchGuard

9 Mar 2020
internet security

Avast and AVG extensions pulled from Chrome

19 Dec 2019

Google confirms Android cameras can be hijacked to spy on you

20 Nov 2019

Most Popular


Zoom kills Facebook integration after data transfer backlash

30 Mar 2020
Server & storage

HPE warns of 'critical' bug that destroys SSDs after 40,000 hours

26 Mar 2020

These are the companies offering free software during the coronavirus crisis

25 Mar 2020
high-performance computing (HPC)

IBM dedicates supercomputing power to coronavirus research

24 Mar 2020