Three UK Men to Serve 13 Years for Phishing

Three individuals have been sentenced 13 years of jail time in the UK for carrying out cyberattacks on British and international banks.

Three individuals have been sentenced 13 years of jail time in the UK for carrying out cyberattacks on British and international banks.

The men in question, Ayodeji John Kareem, 38, Vincent Alonge, 31, and Babatunde Fafore, 41, all plead guilty on July 8 to charges stemming from their arrests in August 2010. According to a Metropolitan Police report, the men employed a phishing scam in which they crafted emails that appeared to originate from their victims’ banks and linked to bogus web-pages where the victims were asked to confirm their online banking and/or credit card details.

The scam, designed to pilfer large amounts of sensitive data such as online banking passwords and credit card information, succeeded grandly. When all was said and done, the trio had compromised some 900 bank accounts and obtained information on more than 10,000 credit cards.

According to the report, as much as £1.13m was attempted stolen from the compromised bank accounts with almost £600,000 successfully stolen. As for the credit cards, more than £570,000 was definitely stolen. However, the total amount remains unkown and may end up being as much as £3.1m.

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