Cyber Crooks Look Best in Handcuffs

Police in Romania have arrested 70suspected cyber criminals who are thought to be members of criminal gangs running scams using compromised eBay accounts. The login credentials were allegedly obtained in a series of phishing scams and the compromised accounts were used to “sell” non-existent luxury items.

Buyers would provide the money but never receive the goods in return. At least 800 people in Europe, North America and New Zealand are thought to have been victimized by the scam. Since 2006, it is estimated that the scammers netted more than 800,000 euros.

Following complaints from victims, the FBI and the Romanian Directorate for Investigating Organised Crime and Terrorism (DIICOT) carried out an investigation which culminated in the serving of arrest warrants yesterday.

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