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#6 CyberScoop general June 12, 2026 at 21:56 UTC

FBI takes down massive China-based cybercrime network that caused $1.9B in losses

By Matt Kapko

AI Summary

The FBI dismantled a massive China-based cybercrime network responsible for $1.9 billion in losses, which supplied phishing kits and infrastructure to criminals running smishing scams impersonating package delivery services, toll agencies, and parking authorities. The operation provided turnkey fraud tooling to a broad ecosystem of downstream criminals, making it a significant supply-side takedown. Attribution to a China-based operator providing infrastructure-as-a-service marks a notable enforcement action.

Read full article → https://cyberscoop.com/outsider-cybercrime-network…

Relevance score: 80.0/100

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