Asian cybercrime takedown leads to intercept of $83 million in financial theft — Scam Guards

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A crackdown on financial cybercrime across Asia has resulted in $83 million sent by victims to criminals being intercepted. 

Interpol said last week that Operation Haechi-i, running between September 2020 and March 2021, focused on combating investment fraud, romance scams, money laundering linked to illegal online gambling, online sextortion, and voice phishing. 

In total, $83 million was intercepted over the course of six months before the victims of these scams sent all of the requested funds to cybercriminals. 

In one case cited by Interpol, a Korean company became the victim of a business email compromise (BEC) scam after being approached by what the firm thought was a trading partner. 

Invoices had been requested and the bank details were covertly changed to bank accounts belonging to the cybercriminals. Approximately $7 million was…

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