Dubai Police have busted a gang of cybercriminals who were attempting to steal up to AED4 billion through an online scam.
The ‘Fox Hunt’ operation exposed a huge online fraud that tricked victims into making money transfers in exchange for job opportunities.
In total, the African gang of nine used various bank accounts for the money transfers and deposits, wracking up more than AED32 million.
A tip-off led Dubai Police to make the arrests as they were poised to use a new email database of nearly one million addresses.
Brigadier Jamal Salem Al Jalaf, director of the General Department of Criminal Investigation (CID) at Dubai Police, said:
“Hours of continuous work and thorough investigations led to identifying the group of scammers who used social media to celebrate illegitimate wealth registered under the names of others. They were luring victims with fake employment opportunities,” he said.
“Victims received phishing emails that deceived them into transferring money to complete fake recruitment procedures. Our teams closely monitored the gang and put the details of their IDs, bank accounts, residence, and cars under the spotlight,” he added.
The fraudsters were arrested in the UAE by the e-crime team who found laptops, phones, over 1,000 credit cards and bank account details.
The Dubai gang was just part of a larger network according to Dubai Police. The gang ran 81 fake companies across 18 countries.
Major General Abdullah Khalifa Al Marri, the Commander in Chief of Dubai Police, said: “As gangs constantly change their criminal methods, Dubai Police exert all efforts to qualify elites of officers and employees specialised in dealing with latest technologies to tackle emerging crimes.”
And as we saw recently, cybercrime really doesn’t pay. The UAE’s new laws mean they could receive up to 25 years in jail.