E-crime fighters in the UK and Ireland have arrested six people suspected of stealing credit card details, banking log-ins and personal information as part of a major online banking fraud.
The arrests followed raids at five London addresses as well as a house in Ireland, and five men and a woman are being held under the Computer Misuse Act.
According to the Metropolitan Police, the criminals had stolen log-in details for 10,000 bank accounts and the same number of credit cards, in a long-running series of phishing attacks.
Police have so far identified £358,000 plundered by the criminals, but officers involved with the case believe the final total could be far higher.
“The total amount stolen using compromised credit cards has yet to be established, but by using the industry agreed standard formula is estimated to be worth more than £3 million,” the Met said in a statement.
The arrests were part of Operation Dynamophone, an investigation by the Police Central e-crime Unit.
Disclaimer: Some pages on this site may include an affiliate link. This does not effect our editorial in any way.
