Spanish Police arrests 8 over SIM swapping fraud

Spain's National Police Department, the Policía Nacional, says it has arrested eight members of an unnamed cybercriminal gang over SIM swapping fraud. The suspects posed as trustworthy representatives of banks and other organizations and used traditional phishing and smishing techniques to obtain personal information and bank details of victims before siphoning off money from their bank accounts, the police say. One of the detainees is from Seville and the rest are from Barcelona, the police say, adding that they have been operating from these cities since March, targeting bank customers across the country. The timeline of their activities is based on two complaints of fraud the police received.

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