UK police arrest six over student loans phishing scam

Powered by SC Magazine
 

Suspects allegedly net more than $1.5m.

The UK Metropolitan Police have arrested six people over a phishing scam that netted more than £1 million (AU$1.53m).

According to the Police Central e-Crime Unit, the scam targeted hundreds of UK students in August.

The scam saw emails ask potential victims to update their student loan details on a “convincing but bogus website”.

Once the details were compromised, the suspects accessed bank accounts and extracted funds ranging from £1000 to £5000 at a time, the police said.

Six suspects, four men and two women, were arrested in London, Manchester and Bolton on suspicion of conspiracy to defraud, for money laundering offences and under the Computer Misuse Act.

"A great deal of personal information was compromised and cleverly exploited for substantial profits,” Detective Inspector Mark Raymond said.

This article originally appeared at pcpro.co.uk

Copyright © PC Pro, Dennis Publishing


UK police arrest six over student loans phishing scam
 
 
 
Top Stories
Business-focused Windows 10 brings back the Start menu
Microsoft skips 9 for the "greatest enterprise platform ever".
 
Feeling Shellshocked?
Stay up to date with patching for the Bash bug.
 
Amazon forced to reboot EC2 to patch Xen bug
Rolling restarts over next week.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Which is the most prevalent cyber attack method your organisation faces?




   |   View results
Phishing and social engineering
  66%
 
Advanced persistent threats
  4%
 
Unpatched or unsupported software vulnerabilities
  11%
 
Denial of service attacks
  6%
 
Insider threats
  12%
TOTAL VOTES: 1366

Vote