Europol has put an end to network behind 49 million fake accounts

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On October 10, Europol, in cooperation with police authorities in Estonia, Finland, Latvia and Austria, raided a cybercrime-as-a-service (CaaS) network.

During the raid, seven people were arrested who are believed to have swindled millions of euros through the criminal activity.

In addition, five servers, 40,000 active SIM cards, four luxury cars, bank accounts and crypto wallets were seized, Europol said.

In total, the network is suspected of having created 49 million fake accounts for users from about 80 countries around the world.

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