Cyber-criminal successfully convicted on charges of phishing fraud

The NCA (National Crime Agency) in Britain has charged a young woman and sentenced her to 5 years in prison.

27 year old, Olukunle Babatunde form Croydon, pleaded guilty to several crimes including conspiracy to defraud UK banks, financial institutions and their customers to the value of £751,229. She and a fellow fraudster Tamar Abdulhamid, aged 25, were arrested in connection with sending out Phishing Phishing Phishing is a form of cyber-attack in which fake websites, emails, and text messages are used to elicit personal data. The most common targets in this assault are passwords, private cryptocurrency keys, and credit card details.Phishers disguise themselves as reputable businesses and other types of entities. In certain instances, reputable government organizations or authorities are impersonated in order to collect this data.Because phishing relies on psychological manipulation rather than techno Phishing is a form of cyber-attack in which fake websites, emails, and text messages are used to elicit personal data. The most common targets in this assault are passwords, private cryptocurrency keys, and credit card details.Phishers disguise themselves as reputable businesses and other types of entities. In certain instances, reputable government organizations or authorities are impersonated in order to collect this data.Because phishing relies on psychological manipulation rather than techno Read this Term emails for the purpose of stealing bank login details, to be resold on the black market.

The IT branch of the NCA, the National Cyber Crime Unit (NCCU) was launched last week to lead the UK's addressing the cyber-crime threat in the UK.

Andy Archibald, head of the NCCU was reported saying: "This is an excellent result built on the joint working of precursor agencies and has involved the examination of a large number of data, resulting in 765 victim accounts being identified. The National Crime Agency will continue to share information and intelligence with regards to serious and organized cyber crime, ensuring those who pose a threat to the public are identified and held accountable for their actions".

In the face of ongoing cyber-crime reports worldwide, we applaud the NCA. We also encourage merchants to take their PCI Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term and their security awareness seriously. And to get some tips from Payment Magnates’ insights, particularly a recent publication called Preventing “Friendly Fraud”.

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