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Europol Arrests 10 Members of a Sim Swapping Criminal Gang That Stole Cryptocurrencies Worth $100 Million

Europol Arrests 10 Members of a Sim Swapping Criminal Gang That Stole Cryptocurrencies Worth $100 Million

The European regulation enforcement company, Europol, has arrested 10 folks believed to be members of the legal gang that stole cryptocurrencies with an estimated worth of $100 million. The arrests comply with a world investigation right into a sequence of sim swapping assaults that occurred in 2020. According to Europol, this legal gang had additionally focused high-profile victims which are based mostly within the U.S.

The Hijacking of Mobile Devices

In an announcement following the arrests, the regulation enforcement company explains that eight members of the gang have been nabbed on Feb. 9. The two different members, one from Malta and the opposite from Belgium, had been arrested earlier. As the assertion explains, hundreds of victims together with “well-known web influencers, sports activities stars, musicians and their households” have been focused by the sim swapping gang.

Meanwhile, in a short clarification of how the legal community operated, the regulation enforcement company says:

The investigation uncovered how a community composed of a dozen criminals labored collectively to entry the victims’ cellphone numbers and take management of their apps or accounts by altering the passwords. This enabled them to steal cash, cryptocurrencies and private data, together with contacts synced with on-line accounts.

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The company’s investigation, which is a joint effort involving 5 international locations, finds that these criminals have been additionally “hijacking social media accounts to publish content material and ship messages.”

Avoid Becoming a Victim

In the meantime, Europol additionally revealed that sim swapping crimes are actually recognized “as a key pattern on the rise within the newest Europol Internet Organised Crime Threat Assessment.” Consequently, the company is reminding all potential targets of this sort of crime that “anybody and everybody with a cell phone can fall sufferer.”

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To keep away from changing into a sufferer, Europol is advising cell phone customers to maintain their “gadgets’ software program updated” in addition to to not reply to “suspicious emails or have interaction over the cellphone with callers that request your private data.” Additionally, cell phone customers are inspired to “restrict the quantity of non-public information they share on-line and to make use of two-factor authentication for on-line companies.”

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Do you agree that sim swapping is a rising legal menace? Share your ideas within the feedback part under.

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