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
Turnbull introduces data retention legislation
Still no definition of metadata to be stored.
 
Images: the next frontier in data analytics?
Barclay’s global data chief says we’re still at the starting line.
 
Crime Commission prepares core systems overhaul
Will replace 30 year-old national criminal database.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
In which area is your IT shop hiring the most staff?




   |   View results
IT security and risk
  26%
 
Sourcing and strategy
  12%
 
IT infrastructure (servers, storage, networking)
  21%
 
End user computing (desktops, mobiles, apps)
  15%
 
Software development
  25%
TOTAL VOTES: 416

Vote
Would your InfoSec team be prepared to share threat data with the Australian Government?

   |   View results
Yes
  55%
 
No
  45%
TOTAL VOTES: 195

Vote