#cybercrime-as-a-service

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#smishing #sms-phishing #payment-card-fraud #organized-crime #sim-fraud #social-engineering
Information security
fromIT Pro
3 weeks ago

Europol takes down SIM farm network that scammed thousands of victims

A Latvian cybercrime-as-a-service ring built SIM-based infrastructure, created nearly 50 million fake accounts, enabled widespread European fraud, leading to seven arrests.
fromThe Hacker News
3 weeks ago

Europol Dismantles SIM Farm Network Powering 49 Million Fake Accounts Worldwide

Europol on Friday announced the disruption of a sophisticated cybercrime-as-a-service (CaaS) platform that operated a SIM farm and enabled its customers to carry out a broad spectrum of crimes ranging from phishing to investment fraud. The coordinated law enforcement effort, dubbed Operation SIMCARTEL, saw 26 searches carried out, resulting in the arrest of seven suspects and the seizure of 1,200 SIM box devices, which contained 40,000 active SIM cards. Five of those detained are Latvian nationals.
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