Media News - Monday, August 27, 2012
Philippine police arrest 357 in cyber crime raid
The Philippine National Police said that early Friday morning officials raided some 20 residences and arrested 357 people as part of a massive investigation into online fraud and account theft ring. According to police, the groups had been calling individuals in China, posing as Chinese state police members. The scammers told victims that their bank accounts had been compromised by hackers and instructed them to transfer all of their funds to a supposed "safe account" controlled by the criminals. Police said that the suspects were mostly nationals of Taiwan and mainland China who had moved their operation to the Philippines following a Chinese police crackdown on cyber crime and fraud operations. Sophos security blogger Paul Roberts noted that the large-scale raids were part of a larger joint operation between authorities in China and the Philippines to target criminals who were preying on Chinese citizens from abroad. (V3.co.uk)
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