UK POLICE have arrested six people in connection with a phishing scam that netted around £1m from students.
That is a lot of beer and book money, and the police said that hundreds of students had been caught out by the scammers. Today the Metropolitan Police said its Police Central e-Crime Unit (PCeU) arrested the suspects yesterday after four months of investigation.
In a statement the police said that the six people had sent out emails about student government loans that were nothing but a link to a convincing but very bogus web site. Students accessing this and supplying their information gave the scammers the details they needed to gain access to the students' bank accounts and, well, you know what happened after that.
The police said that on average the scammers, four men and two women, took amounts of money ranging from £1,000 to £5,000 at a time. They have been arrested on suspicion of conspiracy to defraud and committing Computer Misuse Act and money laundering offences.
Search warrants were executed in London, Manchester and Bolton and the police have seized computers and storage media as part of their investigations.
"A great deal of personal information was compromised and cleverly exploited for substantial profits. We have today disrupted a suspected organised group of cyber criminals and prevented further loss to individuals and institutions in the UK," said detective inspector Mark Raymond of the PCeU. µ
Plus the cost of ambition as moonshots eat into the coffers
Spoiler alert: it's probably VeriSign
Did we say cuts off? We meant traps them inside their own home