European Authorities Dismantle Major Cybercrime Network, Arrest Seven Suspects

European authorities arrested seven suspects in Latvia linked to a major cybercrime network that defrauded victims in Austria and Latvia through sophisticated confidence tricks.

• Last week, law enforcement in Latvia arrested five alleged cybercriminals and two additional suspects, dismantling a network responsible for over 1,700 cyber fraud cases in Austria.
• Authorities seized 1,200 SIM-box devices and 40,000 active SIM cards, crucial tools for executing confidence trick schemes across Europe, particularly impacting victims in Latvia.
• Europol supported the operation, which also involved the dismantling of five servers used by the cybercrime network to facilitate fraud activities, highlighting the international nature of cybercrime.