Europol dismantles 'CEO swindle' gang behind €38m fraud

Seized €5.1 million from bank accounts

clock • 3 min read
Europol dismantles 'CEO swindle' gang behind €38m fraud
Image:

Europol dismantles 'CEO swindle' gang behind €38m fraud

Europol has busted a criminal network engaged in France's largest-ever "CEO swindle."

The gang, based out of France and Israel, used business email compromise (BEC) attacks to redirect funds from companies to its own bank accounts. After a Europe-wide investigation, Europol has ...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
NCSC and insurers unite to fight ransomware threat

Threats and Risks

First rule: 'Don't panic'

clock 15 May 2024 • 3 min read
Millions at risk as hackers threaten World-Check database leak

Hacking

Company says compromised data originated from a third-party vendor

clock 22 April 2024 • 2 min read
Met police disrupt LabHost scam-as-a-service website

Security

Dozens arrested globally and thousands sent warnings

clock 18 April 2024 • 3 min read

More on Law

BreachForums website seized in international operation
Law

BreachForums website seized in international operation

The online cybercrime marketplace has been operated by a threat actor known as ShinyHunters since June 2023, the FBI says

clock 20 May 2024 • 2 min read
Microsoft ordered to pay $242m in Cortana patent lawsuit verdict
Law

Microsoft ordered to pay $242m in Cortana patent lawsuit verdict

Company intends to appeal

clock 13 May 2024 • 2 min read
TikTok sues US government
Law

TikTok sues US government

Argues new law violates First Amendment right to free speech

clock 09 May 2024 • 3 min read