US authorities seize iSpoof, a call spoofing site that stole millions

guest · Nov 24, 2022

By Carly Page @carlypage_ - November 24, 2022

An international police operation has dismantled an online spoofing service that allowed cybercriminals to impersonate trusted corporations to steal more than $120 million from victims.
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iSpoof, which now displays a message stating that it has been seized by the FBI and the U.S. Secret Service, offered “spoofing” services that enabled paying users to mask their phone numbers with one belonging to a trusted organization, such as banks and tax offices, to carry out social engineering attacks.

“The services of the website allowed those who sign up and pay for the service to anonymously make spoofed calls, send recorded messages, and intercept one-time passwords,” Europol said in a statement on Thursday. “The users were able to impersonate an infinite number of entities for financial gain and substantial losses to victims.”
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iSpoof had around 59,000 users, which caused £48 million of losses to 200,000 identified victims in the U.K., according to the Met Police. One victim was scammed out of £3 million, while the average amount stolen was £10,000.

Europol says the service’s operators raked in estimated profits of $3.8 million in the last 16 months alone.
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Police have a list of phone numbers targeted by iSpoof fraudsters and will contact potential victims via text on Thursday and Friday. The text message will ask victims to visit the Met’s website to help it build more cases.
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Europol: Action against criminal website that offered ‘spoofing’ services to fraudsters: 142 arrests

November 24, 2022
Judicial and law enforcement authorities in Europe, Australia, the United States, Ukraine, and Canada have taken down a website that allowed fraudsters to impersonate trusted corporations or contacts to access sensitive information from victims, a type of cybercrime known as ‘spoofing’. The website is believed to have caused an estimated worldwide loss in excess of GBP 100 million (EUR 115 million).
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Rasheed187 · Dec 3, 2022

Great that they are finally shut down! I know that it's often used over here in Holland. Many people fall for these banking scams because they see that the scammers's phone number is from their own trusted bank, I don't even understand how this spoofing is possible in the first place.

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US authorities seize iSpoof, a call spoofing site that stole millions

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US authorities seize iSpoof, a call spoofing site that stole millions

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