Spanish police dismantle phishing operation linked to crime ring

The National Police of Spain have arrested two hackers, 15 members of a criminal organization, and another 23 people involved in illegal financial operations in Madrid and Seville for alleged bank scams.

The cybercrime operation is an email and SMS-based phishing campaign that allegedly scammed over 300,000 people and resulted in confirmed losses of at least 700,000 euros ($770k).

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Source: Bleeping Computer