2023-11-09 13:31:24
Dubai: 43 members of an international cyber fraud ring were arrested in Dubai. The group extorted $36 million from various companies. Their fraud was by hacking the mail of company CEOs and sending deep fake mails.
Dubai Police arrested 43 people through the operation called Monopoly. Police have identified 20 people who helped the gang in different countries. The Dubai Police began investigating the group following receiving a complaint from an Asian company that someone had hacked the CEO’s email and transferred $19 million to an account from one of their company’s branches. Police learned that the amount was transferred to an account opened in 2018 and the account holder is currently not in the UAE.
Investigation revealed that the extorted amount was transferred to various accounts and laundered through the accounts of a holding company and a transport company. All these accounts were under surveillance. In the meantime, the police received information that this group had also hacked the e-mail account of another company outside the UAE. The police tracked down all the accounts through which this amount was transferred and took them into custody one by one. The police have seized luxury cars and high-value handicrafts from the hands of the gang. The police operation was carried out in collaboration with investigative agencies in France, Hong Kong and Singapore.
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