[Law] Suspected ringleader in online banking fraud arrested

Summary: The content discusses the arrest of a man believed to be the mastermind behind a cybercrime gang responsible for online banking fraud schemes in Japan, causing significant financial losses.

Threat Actor: Cybercrime gang | cybercrime gang

Key Point :

  • A man identified as Yohei Yano, along with nine other members, was arrested for their involvement in a cybercrime gang responsible for online banking fraud schemes.
  • The gang used a technique called “SIM swapping” to hijack victims’ smartphones and gain access to their bank accounts, transferring the stolen funds to cryptocurrency accounts controlled by the criminals.
  • Each member of the gang had specific tasks, such as executing remittances, commandeering victims’ smartphones, and creating cryptocurrency accounts.
  • New members were recruited through social media platforms, and instructions were delivered via secure messaging apps like Telegram.


Original Source: https://www.asahi.com/ajw/articles/15338989

Cyber Law and Cybercrime Investigation Blog: Immuniweb