European law enforcement took significant action against a sophisticated cybercrime network known as “SIMCARTEL” on October 10. The operation involved investigators from Austria, Estonia, and Latvia, leading to the linking of this network to over 3,200 fraud cases involving various scams and illicit activities.
Among the successes of this operation was the seizure of 1,200 SIM box devices containing around 40,000 active SIM cards. These devices were used to obscure the identities of criminals engaged in numerous cybercrimes, including account intrusions and investment scams that led to losses of approximately $5.3 million in Austria and $490,000 in Latvia. The full scale of the network remains under investigation, but authorities have already traced it to over 49 million accounts facilitated by the suspects.
👉 Pročitaj original: CyberScoop
