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Ukrainian Authorities Take Down Phishing Gang That Siphoned 100 Million Hryvnias

The cybercriminal organization defrauded over 5,000 citizens of Ukraine.


The Ukraine Cyber Police Department and the Pechersk Police Department arrested nine members of a cybercriminal organization that defrauded over 5,000 citizens of Ukraine of more than 100 million hryvnias (about $3.39 million) via phishing attacks. 

The fraudsters designed more than 400 phishing sites for exfiltrating the banking details of Ukrainian citizens under the guise of social security payments from E.U. countries. The malicious landing pages were hosting an application form to fill out to receive financial help from the European Union. 

Some of the phishing sites registered by the hackers included ross0.yolasite[.]com, foundationua[.]com, ua-compensation[.]buzz, www.bless12[.]store, help-compensation[.]xyz, newsukraine10.yolasite[.]com, and euro24dopomoga0.yolasite[.]com, among others. 

“Nine people created and administered more than 400 fake web resources for obtaining banking data of citizens. Through the websites, Ukrainians were offered to form an application for the payment of financial assistance from the countries of the European Union. Using phishing links, victims took surveys and entered bank card details.” reads the advisory published by the Ukrainian Cyber Police. 

Once in possession of the bank details, the malicious hackers carried out unauthorized access to the victim’s online banking and siphoned money from their accounts. The hackers defrauded more than 5,000 citizens, stealing a total amount of more than 100 million hryvnias. 

The law enforcement operation culminated in the seizure of computer equipment, mobile phones, and bank cards as well as the criminal proceeds illicitly obtained through unlawful activities. If the arrested individuals are found guilty of fraud charges under the Criminal Code of Ukraine, they face up to 15 years in prison. 

“Criminal proceedings have been opened under Part 3 of Art. 190 (Fraud), Part 5 of Art. 361 (Unauthorized interference in the work of information (automated), electronic communication, information and communication systems, electronic communication networks) of the Criminal Code of Ukraine. Perpetrators may face up to fifteen years in prison.,” the advisory further reads. “The issue of declaring suspicion and selecting preventive measures for the persons involved is being resolved.” 

The local police warned citizens to receive information regarding financial payments only from official sources, avoid clicking on suspicious links, and never provide private and banking information to third parties posing as government organizations.
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