International cybercrime uncovered by Georgia’s Interior Ministry

An international cybercrime syndicate has been squashed after Georgia’s Interior Ministry uncovered more than a quarter of a million US dollars had been fraudulently obtained by online criminals.

In total, $267 000 USD was illegally obtained from British citizens’ credit cards, Georgia’s Interior Ministry revealed. 

Two Georgian citizens have admitted to illegally obtaining bank accounts and using fake Visa cards registered in foreign citizens’ names. Police believe six Ukrainian citizens are also involved in the scheme.

Police allege the online criminals fraudulently obtained British citizens’ bank details by hacking into their accounts and replicating fake Visa cards with their personal details. They would then transfer money from the British accounts to their own fake cards, and withdraw cash at Georgia-based banks.

Police arrested and charged two Georgian men in relation to the crime. Both men admitted committing online fraud.