Europol has achieved multiple arrests of suspects for online fraud .
Europol 's European Cybercrime Center , in a coordinated effort, carried out 49 arrests of fraudsters suspected of fraud and financial losses to companies, amounting to nearly 6 million euros, in different countries in Europe.
The suspects were arrested for illegal activities carried out via malware, targeting businesses in many European countries such as: Spain, Poland, Georgia, Belgium, Italy and the United Kingdom.
The hackers intercepted e-mail communications and diverted funds to accounts under their control, embezzling huge sums.
Initially they sought access to email accounts of prospective victims, monitored the communications related to payments, and then deceived the client so that they would deposit the monetary amount into their own account and immediately cash out the money.
Most of those arrested appear to be from Nigeria , but also from Cameroon and Spain . They also appear to have used a complex money laundering scheme, moving the funds through multiple accounts outside the European Union to cover their tracks.
Following Europol on 58 homes to find evidence, police seized laptops, external drives, phones, tablets, and USBs) as well as credit cards, SIM cards, fake documents, and bank documents.
