Phishing gang netted in mass arrests

We’ve heard that another lot of cyber criminals were arrested, this time in Italy. More than 150 arrests for bombarding Italian users with fake mails. The phishers’ ill-gotten gains – around 1,250,000 euros.

These guys were targeting the most popular Italian banks, and some users were getting 30+ phishing mails a day! The attacks were such a problem that they were even discussed on TV (although sadly not by the major news channels).

The arrests are the result of an investigation which began in May 2005. We’ll be tracking this case, waiting for news of convictions and jail sentences. We’ll keep you posted on progress.