The cyber crime unit of the Nigeria Police Force have arrested a 37-year-old man who is believed to have led major phishing campaigns, business email compromise schemes and other malicious behavior that targeted companies and individuals.
The operation was conducted by Interpol’s African Joint Operation Against Cybercrime, a recently established branch within the organisation’s cyber crime directorate. The police operation commenced last May in collaboration with private sector partners including Group-IB, Palo Alto Networks Unit 42, and Trend Micro.
Interpol said they were able to research and apprehend the suspected crime gang leader in the joint operation. "The suspect is alleged to have run a transnational cybercrime syndicate that launched mass phishing campaigns and business email compromise schemes targeting companies and individual victims," Interpol has said in a statement.
The suspect is alleged to have run a transnational cyber crime syndicate that launched mass phishing campaigns and business email compromise schemes targeting companies and individual victims.
“Law enforcement and cyber security firms have witnessed the striking increase in many forms of cybercrime in recent years" according to Interpol. The recent explosive increase in cyber crime has been called a “parallel pandemic” to that of COVID-19. According to Cybersecurity Ventures, by 2025, cyber crime will cost the global economy $19.5tn USD annually.
The various law enforcement agencies involved gathered intelligence on criminal activities and supplied it to the Interpol Africa unit, which also worked with police forces from Canada, Australia, and the US to track the activities. They ..
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