Law enforcement in France and Israel have arrested members of a hacker group, seizing over $40.5M in the process.
The group breached French citizens.
The hacker group used business email compromise as a threat vector.
- The group's leader was located in Israel.
- Investigations showed that the hacker group had accomplices in Croatia, Portugal, and Hungary who tried to launder the money by depositing it in local banks.
- The funds were laundered in Europe and China before being sent to Israel.
