• Police to text 70,000 victims in UK’s biggest anti-fraud operation

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    Police will text 70,000 people to warn them they have been victims of a banking scam in the UK’s biggest anti-fraud operation.

    The Metropolitan Police have arrested an east London man accused of running an international service enabling fake phone calls to victims.

    Victims lost thousands of pounds, and in one case £3m.

    Detectives only have their phone numbers and are asking people to act if they receive the message.

    Metropolitan Police Commissioner Sir Mark Rowley described the investigation as the biggest proactive counter-fraud investigation ever in the UK.

    He said the criminals involved were responsible for the “industrialisation of fraud”.

    Detectives revealed that there could be 200,000 UK victims of the scams, which usually involved fraudsters calling, pretending to be a bank, warning a customer of alleged suspicious activity on their account.

    An address in east London is alleged to have been at the centre of the service which police believe enabled fraud on a global scale.

    Detectives are aware of the risks of using a text message to contact victims of fraud who may have been targeted through their mobile phones.

    They said the message from the police would only have links to the Action Fraud site, and would only be sent on 24 and 25 November. Any other texts should be regarded as fraudulent themselves.

    The iSpoof website was taken down by the FBI following the Met investigation

    The iSpoof website, involved in the scam, was advertised openly on the internet. It allegedly provided access to a server, initially based in Holland and then Ukraine, which criminals could use to make anonymous calls to victims from a spoof phone number.

    This allowed them to pose as employees of banks including Barclays, Santander, HSBC, Lloyds, Halifax, First Direct, NatWest, Nationwide and TSB.

    Victims were asked to enter a “one-time code” or password for their account into their phone, which was intercepted by the iSpoof server and made available to the fraudsters.

    Criminals could then use these details to “clear out the accounts” of their victims, detectives said.

    Fraudsters paid between £150 and £5,000 a month in bitcoin to use the iSpoof service, contacting, at times, 20 people a minute, primarily in the USA, UK, Netherlands, Australia, France and Ireland.

    So far, police believe £48m may have been stolen by criminals using iSpoof. This figure is likely to rise. Those behind the service are allegedly earning £3.2m and living “lavish” lifestyles.

    Police believe 59,000 potential suspects may have used the iSpoof service, but are prioritising those in the UK who have spent at least 100 bitcoin to get access, believing they were anonymous.

    Early in November 2022 they raided an address in east London and arrested a man alleged to be behind iSpoof.

    In other raids, 120 people thought to have used the service for fraud have been taken into custody.

    Police to text 70,000 victims in UK’s biggest anti-fraud operation [BBC]

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