Feeds

Scotland Yard cuffs six in megaquid phish ring probe

Operation Dynamophone nabs suspects

Providing a secure and efficient Helpdesk

Six suspected fraudsters have been arrested in the UK and Ireland over their alleged involvement in a bank and credit card phishing scam that affected tens of thousands of victims and resulted in losses of millions of pounds.

Five men and one woman, aged 25 to 40, were arrested in London and County Meath, Ireland on Tuesday and Wednesday following an investigation led by officers from the Met's Police Central e-Crime Unit (PCeU). The five UK suspects, all arrested following raids on addresses in London, remain in custody in central London pending further police inquiries. Each faces possible computer fraud and hacking charges.

The arrests were part of Operation Dynamophone, an investigation by the PCeU into a sophisticated phishing fraud network that systematically harvested online bank account passwords and credit card numbers. The MPS Territorial Support Group and the Irish Garda Síochána Fraud Investigation Bureau assisted the PCeU in serving warrants on the six suspects.

Police reckon 10,000 online bank accounts and 10,000 credit cards have been compromised as part of a fraud that has resulted in the attempted theft of £1.14 million and losses of £358,000 from online bank accounts. The value of credit card fraud associated with the scam is less certain but estimated at more than £3m.

Detective Inspector Colin Wetherill of the PCeU said: "We have taken this action to shut down an organised criminal network running an online phishing and account take-over operation. A great deal of personal information was compromised and cleverly exploited for substantial profit. By disrupting the operation we have hopefully prevented further loss to individuals and institutions across the UK."

He added that consumers ought to follow online safety advice from sites such as getsafeonline.org to safeguard themselves against the risk of becoming the victims of online fraud.

A Met Police statement on the case can be found here. ®

New hybrid storage solutions

More from The Register

next story
Google recommends pronounceable passwords
Super Chrome goes into battle with Mr Mxyzptlk
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Reddit wipes clean leaked celeb nudie pics, tells users to zip it
Now we've had all THAT TRAFFIC, we 'deplore' this theft
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
TorrentLocker unpicked: Crypto coding shocker defeats extortionists
Lousy XOR opens door into which victims can shove a foot
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.