Ukraine arrests cybercrime gang for operating over 400 phishing websites

Malicious sites were designed to trick victims into believing they were applying for EU financial assistance.

Ukraine’s cyber police said they exposed a gang that pocketed approximately 100 million hryvnias (over $3,3 million).

Nine people allegedly created and administered more than 400 fake websites to obtain Ukrainians’ bank data.

Phishing websites lured people into believing they could follow the instructions and apply for financial assistance from the European Union. Victims were asked to provide their credit card data.

Threat actors drain victims’ accounts after receiving their banking details. The gang deceived over 5 thousand victims.

After raiding the suspects’ apartments, cyber police seized computer equipment, mobile phones, bank cards, and cash obtained by criminals.

Gang members now face up to 15 years in prison each.