A 22-year-old British national, allegedly the leader of an organized cybercrime group that targeted nearly four dozen U.S. companies, was arrested in Palma de Mallorca at the behest of the FBI, said the Spanish National Police.
The young man allegedly orchestrated attacks on 45 companies in the United States through phishing campaigns, and subsequently gained unauthorized access to sensitive company information and cryptocurrency wallets.
The modus operandi of the cybercriminal was simple: use phishing techniques to obtain access credentials from individuals,; use these credentials to infiltrate corporate work systems; exfiltrate sensitive company data that was likely monetized and put up for sale on dark web forums; and also access victims’ cryptocurrency wallets to siphon them off.
Read the rest of the story at The Cyber Express.
