Perpetrators of £1m Suffolk cyber fraud charged

Members of a cyber fraud gang which was responsible for stealing £1m from a Suffolk firm last year have been charged.

The fraud was reasonably sophisticated and involved a caller masking their phone number with the number of the banks fraud team. The fraudster would then call the target and claim that a virus had infected the business’ internet banking facility and that money needed to be moved to the banks holding accounts. The fraudsters emphasised the urgency of the request in order to prevent the target from thinking rationally about the request.

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