Caleb Boma | February 10th, 2021

According to The Hacker News, law enforcement officials in Ukraine, in coordination with authorities from the U.S. and Australia, last week shut down one of the world’s largest phishing services that were used to attack financial institutions in 11 countries, causing tens of millions of dollars in losses.

The Ukrainian attorney general’s office said it worked with the National Police and its Main Investigation Department to identify a 39-year-old man from the Ternopil region who developed a phishing package and a special administrative panel for the service, which were then aimed at several banks located in Australia, Spain, the U.S., Italy, Chile, the Netherlands, Mexico, France, Switzerland, Germany, and the U.K.

Computer equipment, mobile phones, and hard drives were seized as part of five authorized searches conducted during the course of the operation. Security researcher Brian Krebs noted the raids were in connection with U-Admin, a phishing framework that makes use of fake web pages to pilfer victim credentials more efficiently.

If you or someone in your organization received a U-Admin phishing email, our ShadowSpear® Platform would have identified the malicious attachments and neutralized the threat before any harm was done to your organization.

SpearTip’s cyber experts continuously monitor environments 24/7 in our US based Security Operations Center. Our certified engineers work in unison with our proprietary endpoint detection and response tool, ShadowSpear®. This allows your organization to have a direct communication with our engineers at any moment and a completely transparent view of your risk profile.

If you are experiencing a breach, please call our Security Operations Center at 833.997.7327.