Germany: Individual Hacker Arrested for Stealing € 4 Million via Phishing Attacks

Germany’s federal criminal police, Bundeskriminalamt (BKA) carried out home raids on three suspects for executing a large-scale phishing campaign, defrauding internet users of €4 million. The phishing campaign was carried out by the charged suspects between October 3, 2020, and May 29, 2021, as per the evidence gathered by the German Computer Crime Office.

One of the three suspects, a 24-year-old, has been arrested and charged by the BKA, the second, a 40-year-old, has also been charged with 124 acts of computer fraud, while the investigation for the third suspect is still ongoing.

The hackers allegedly defrauded their victims by imitating as legitimate German banks and sending them phishing e-mails that were clones of messages from some real banks.

“These e-mails were visually and linguistically believable based on real bank e-mails. The victims were informed in these letters that their house bank would change their security system – and their own account would be affected […] The e-mail recipients were thus tricked into clicking on a link, which in turn led to a deceptively real-looking bank page. There, the phishing victims were asked to enter their login data and a current TAN, which in turn enabled the fraudsters to see all the data in the account of the respective victim – including the amount of credit and availabilit

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