At least 11 arrests in phishing scam

 
1,238Views 0Comments Posted 05/09/2022

 

At least eleven people were arrested on Monday, September 5, for their alleged link to financial crimes, through phishing and SIM swapping.

Operation Sim Swapping has been developed in the provinces of Panama, Colon, Cocle, and West Panama. At least 11 arrests in phishing scam

Operation Sim Swapping has been developed in the provinces of Panama, Colon, Cocle, and West Panama.

The investigation of the First Specialized Prosecutor's Office for Crimes against Organized Crime reveals that the criminal group, through false documents, requested and obtained the sim card (a small plastic card that has a chip attached to it) of the victim.

After this, the criminals carried out fraudulent banking transactions.

During the development of the operation, cash, computers, cell phones, sim cards, a money counting machine, and other evidence have been seized, reports the Public Ministry.

Phishing is a computer term that distinguishes a set of techniques that seek to deceive a victim by gaining their trust by posing as a company or service, to manipulate them and make them perform actions that they should not perform. Meanwhile, SIM swapping, SIM duplication or SIM card impersonation, is a type of fraud carried out using the SIM card.

During the development of the operation, cash, computers, cell phones, sim cards, a money counting machine, and other evidence have been seized, reports the Public Ministry.

Phishing is a computer term that distinguishes a set of techniques that seek to deceive a victim by gaining their trust by posing as a company or service, to manipulate them and make them perform actions that they should not perform. Meanwhile, SIM swapping, SIM duplication or SIM card impersonation, is a type of fraud carried out using the SIM card.

Meanwhile, The Third Section of Crimes against Economic Patrimony of the Metropolitan Prosecutor's Office,  reported the arrest of a man wanted for the alleged crime of fraud in the province of Los Santos.

According to the investigations, the man would be linked to some 40 cases of fraud, in which he posed as a seller of repossessed vehicles, achieving hits of than $170,000.