A criminal operation with links to the Italian Mafia used phishing, SIM swapping and BEC attacks to defraud victims out of millions.
Cybercriminals have raked in millions from phishing attacks which is why it’s not a big surprise that the Italian Mafia has adopted similar tactics in recent years. According to a new press release from Europol, the Spanish National Police with support from the Italian National Police, Europol and Eurojust have dismantled an organized crime group linked to the Italian Mafia that was involved in online fraud, money laundering, drug trafficking and property crime. However, the suspects in this case also used phishing attacks and other types of online fraud including SIM swapping and business email compromise ( BEC) to defraud hundreds of victims. In the last year alone, they were able to bring in €10 million ($11.
