In Ukraine, the Cyber Police have made a significant breakthrough in their ongoing battle against digital fraud by dismantling a massive operation involving around 800 individuals.
Furthermore, this operation was suspected of not only stealing sensitive data but also convincing victims to invest in fraudulent cryptocurrency schemes. The modus operandi of these fraudsters involved posing as security service employees from banks and mobile operators, extracting card details and SMS codes from unsuspecting victims to misappropriate funds.
Additionally, law enforcement’s decisive action led to the shutdown of fraudulent call centers located in cities like Lviv, Odesa, Dnipro, and Kryvyi Rih. More than a dozen searches were conducted, resulting in the confiscation of nearly 900 units of digital equipment, including mobile phones, SIM cards, hard drives, and documents. The perpetrators, numbering over 800, worked across these call centers and employed elaborate social engineering scripts to deceive victims, capitalizing on manipulative techniques aimed at building trust.
Notably, Ukrainian citizens were enticed with enticing offers to invest in cryptocurrency and promised exceptionally high profits across various economic sectors. Following the operation’s success, the police have initiated four criminal cases related to the incident and are actively working to identify additional individuals responsible for orchestrating this extensive fraudulent scheme.
This development marks a significant step in Ukraine’s ongoing efforts to combat digital fraud and protect its citizens from cybercriminal activities.