Spanish authorities recently announced that they conducted searches in 16 locations across Spain and arrested 34 individuals with connections to a criminal scam group. The gang brought in at least $3.2 million before the network was taken down.
The threat actors frequently impersonated banks and electricity supply companies to trick victims into revealing financial information or making payments through SMS and phone calls. The scammers also diverted shipments of valuable electronics from technology firms to themselves. Authorities also alleged that the network developed bank website dupes and mass message programs to sell to other criminal enterprises. Last year, the Spanish National Police took down a similarly-sized operation that took over bank accounts by SIM swapping.
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https://thehackernews.com/2023/10/34-cybercriminals-arrested-in-spain-for.html
