Europol Shuts Down Massive SIM Card Fraud Network That Hit 80+ Countries
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European authorities dismantled "SIMCARTEL," a sophisticated cybercrime operation that used 40,000 SIM cards to facilitate phishing attacks and fraud across more than 80 countries. The October 10 raids in Austria, Estonia, and Latvia resulted in seven arrests and seizure of 1,200 SIM box devices.
The network created 49 million fake accounts for social media and communication platforms, enabling criminals to hide their identities while conducting scams. Investigators linked the operation to over 3,200 fraud cases, including investment scams and fake emergencies, causing $5.8 million in losses.
Authorities seized luxury vehicles, froze $833,000 in accounts, and shut down servers supporting the criminal infrastructure. The case highlights the growing threat of SIM farms worldwide.
Source: CyberScoop