18 December 2017
visit www.aciworldwide.com

Brazillian police arrest 53 for $30 million phishing fraud

22 October 2004  |  6407 views  |  0 cuffs

Brazillian police have arrested 53 people for allegedly stealing $30 million (£16 million) from Internet bank accounts.

The suspects are alleged to have netted the loot by sending out thousands of e-mails containing a trojan virus, capable of reading user passwords and security codes.

The police swoop, which involved 160 policemen, took place across four states in the north of Brazil. According to investigators, 18 of the suspects had been imprisoned for similar offences in the past.

Banks targeted by the scamsters included Banco do Brasil, Bradesco, Caixa Economica Federal, HSBC, Itau, and Unibanco.

Graham Cluley, senior technology consultant for anti-virus firm Sophos says: "The Brazilian authorities should be congratulated for taking swift action against this activity - fifty arrests give some idea of the huge scale of this kind of organised Internet crime."

At a conference in the capital, Brasilia, in September, computer fraud experts said Brazil was now the global capital of hacking and Internet fraud. The amount of money lost in Internet financial fraud in Brazil outstripped that lost through bank robberies, the conference was told.

The latest arrests come amid a worldwide crackdown on con artists operating over the Internet. Earlier this week a dozen people were arrested in Hong Kong in connection with a banking phishing scam that is believed to have netted the fraudsters HK$600,000 (£47,000). UK law enforcement authorities have also pressed criminal charges against the alleged perpetrators of a phishing scam that conned UK banking customers out of hundred of thousands of pounds.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UK police to press charges over phishing scam

UK police to press charges over phishing scam

14 October 2004  |  6301 views  |  0 comments
Phishing losses total $500 million - Nacha

Phishing losses total $500 million - Nacha

29 September 2004  |  10874 views  |  0 comments
Operation Web Snare targets online crime

Operation Web Snare targets online crime

27 August 2004  |  8094 views  |  0 comments
DIY phishing kits available on the Web

DIY phishing kits available on the Web

19 August 2004  |  7336 views  |  0 comments
Phishing attacks rival impact of virus outbreaks - MessageLabs

Phishing attacks rival impact of virus outbreaks - MessageLabs

10 August 2004  |  10010 views  |  0 comments
Phishing will cost financial firms $400m in 2004

Phishing will cost financial firms $400m in 2004

14 July 2004  |  12026 views  |  0 comments
Phishing alliance formed as Gartner study unearths big losses

Phishing alliance formed as Gartner study unearths big losses

16 June 2004  |  7737 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit http://cib.db.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11349 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10520 views comments | 21 tweets | 26 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7842 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7632 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7514 views comments | 6 tweets | 26 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job