Dutch police have arrested 14 people who allegedly allowed their ABN Amro bank accounts to be used as vehicles by web phishers.
According to reports, the fraudsters, based in Russia and Ukraine, set up bogus ABN Amro websites to lure the bank's customers and harvest their security details.
This information was then used to access their accounts and steal money. The stolen funds were then allegedly placed in the bank accounts of the 14 ABN Amro customers, and these "mules" are said to have subsequently transferred the money overseas to Russia and other countries.
Mark Harris, global director of web security firm Sophos Labs, said, "The Dutch police have sent a strong message to cybercriminals of all kinds - any participation in this type of illegal activity will not be tolerated.
"While these 14 suspects may not have actually carried out the phishing attacks themselves, they allegedly played a key role in the crime by allowing the fraudsters to use their bank accounts."