Card Not Present Fraud
Fraud Management & Cybercrime
Social Engineering

Fruadsters Used Fake E-Commerce Websites to Swindle Victims

Ukrainian Cops Bust Phishing Group That Stole $4.3 Million
Ukrainian law enforcement take down an alleged phishing ring that swindled victims out of nearly $4.4 million (Image: Secret Service of Ukraine)

Ukrainian law enforcement busted a transnational group of scammers that used more than a hundred phishing websites to defraud Europeans.

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The Cyber Police of Ukraine, the Security Service of Ukraine, together with Czech law enforcement agencies detained 19 individuals across Ukraine and the EU, including Ukrainian and Belarusian nationals.

Ukrainian authorities said Thursday the suspects embezzled nearly $4.4 million by fooling more than a thousand victims to hand over payment card details. Now dismantled call centers in Vinnytsia and Lviv added to the scheme’s credibility. The scheme was active since February 2022.

The Security Service of Ukraine identifies the leader of the gang as an IT specialist from Kyiv who recruited others through mutual connections and dark net forums.

Fraudsters posted ads on e-commerce platforms offering popular goods at a “below market-price.” They directed victims, who hailed from a swath of countries including France, Spain, Poland, Czech Republic and Portugal, to one of their phishing websites.

Once they obtained payment card data, the operators embezzled victims’ money in a crypto wallet under the control of the operators, the SSU said.

Law enforcement officers raided 35 locations in Kyiv, Kharkiv, Lviv, Ivano-Frankivsk, and Vinnytsia regions as part of the take down. They several mobile phones, SIM cards and computer equipment used in the illicit activities.

The alleged fraud kingpin and an accomplice detained in Ukraine face fraud and other computer crime-related charges and are being held without bail.


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