Czech police have made their first ever arrest in a phishing case, detaining a man suspected of involvement in a gang that raided bank accounts using spoof e-mails to obtain account details.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
The man was arrested at a bank counter in Prague, where it is alleged he was trying to withdraw money stolen through the phishing scam. If found guilty, the man could face up to 12 years in jail.
Czech police claim the man had been hired by fraudsters to withdraw cash from a bank account holding money switched from the accounts of Citibank customers.
The fraudsters had lured Citibank customers into revealing their bank account details and other personal data using fake e-mails designed to look like Citibank communications.
Graham Cluley, senior technology consultant for security firm Sophos, said Eastern Europe was becoming a hotspot for internet crime. “The Czech police deserves congratulations for investigating this case and making its first phishing arrest. But this is just an opening move in a long game, and we also need to see firm action taken against the phisher kings,” he added.