GRC Viewpoint

Interpol Informs It Seized $130 Mn from Hackers in HAECHI-III Crackdown Operation.

Interpol announced on November 3rd week that it had seized around $130 Mn from cyber criminals. The action was part of the Global HAECHI-III Crackdown Operation. 

The seizure of virtual assets amounting to about $130 Mn is in connection with an operation for a global crackdown on financial and money laundering crimes that are cyber-powered. 

One of the most impactful incidents took place as a call center fraud. Cybercriminals impersonated Europol and Interpol officials to transfer funds from Austria. The call centers were based in Noida and New Delhi, India. 

READ MORE: Why Should Your Enterprise Care About Firmware Security?

“In order to clear themselves of this suspicion, the victims were compelled to transfer their assets/money to a trust account through bank transfers, crypto wallets, gift card codes, or voucher codes,” says CBI (Central Bureau of Investigation), India. 

Officially called the HAECHI-III, the operation occurred between 28th June and 23rd November 2022. As a result, around 975 individuals were arrested, and about 1,600 cases were closed.

Last year, HAECHI-II was conducted, which led to the arrests of around 1,000 cybercriminals. Also, $27 mn was recovered.

READ MORE: DevSecOps and Cyber Security Are Top IT Skills, Say Experts

Critical aspects of the operation include:

The agency confiscated around 25.83 bitcoins besides $37,000 in various digital wallets. 

A bank account of a suspect was frozen. The account held around $37,000. 

Many financial crimes were unearthed, including voice phishing, investment fraud, money laundering, etc.

The investigation also confirms that cybercriminals are exploring various ways and introducing new techniques on a day-to-day basis. 

Related Articles

Latest Articles