Australian Federal Police investigators have charged a 38-year-old Sydney man for stealing more than $100,000 in an illegal SMS phishing scam.
The AFP arrested the man at a premises near his home in the Sydney suburb of Ryde on Wednesday, 24 November 2021, and charged him over the alleged theft of more than $100,000 from the banks and telecommunications accounts of more than 450 victims.
The 38-year-old was refused bail and remanded in custody to next appear at Hornsby Local Court on 20 January 2021, charged with three offences.
Phishing is the fraudulent practice of sending SMS and emails claiming to be from reputable companies (such as banks or phone providers) to try and convince victims to reveal personal information, such as passwords and credit card numbers.
The investigation began in September 2021, when the AFP obtained information about suspicious website registrations suspected of being used to phish customers of Australian telecommunications providers and financial institutions.
It will be alleged the man used these webpages to lure Australian victims to enter their personal information, which he would subsequently use to access their telephone accounts, bank accounts and create new accounts without their knowledge.
Police will allege this particular scam started in 2018 and targeted customers of the Commonwealth Bank of Australia, National Australia Bank and Telstra, among others.
The AFP has worked with Commonwealth Bank of Australia, National Australia Bank and…