Law enforcement authorities successfully dismantled a major cybercrime operation involved in SIM fraud and cybercrime-as-a-service, leading to arrests and seizures across multiple countries. The operation exposed a global network responsible for significant financial losses and thousands of illegal online accounts. #SIMCartel #CybercrimeAsAService
Keypoints
- The operation targeted a SIM farm and associated cybercrime infrastructure supporting illegal services.
- Seven individuals were arrested, and extensive equipment including SIM cards and servers were seized.
- The group facilitated over 3,200 cyber fraud cases causing approximately €5 million in damages.
- The illegal service created more than 49 million online accounts used for phishing, extortion, and scams.
- Law enforcement actions included international searches, website takedowns, and asset freezes worth hundreds of thousands of dollars.
Read More: https://www.securityweek.com/sim-farm-dismantled-in-europe-seven-arrested/