The Federal Bureau of Investigation (FBI) has busted several fraud schemes across the country in recent weeks, FBI Director Kash Patel said in his latest weekly update to the agency.
Patel highlighted some of the results of Operation Riptide, which focuses on “criminal actors and the key services they rely on, their infrastructure, their tools and services, their communications platforms, and their money.”
FBI Cleveland, for instance, disrupted a Chinese phishing platform “linked to the theft of millions of credit card numbers and nearly $1.9 billion dollars in losses worldwide,” Patel revealed.
As a result of the efforts of the FBI in Charlotte, two individuals were convicted for operating a business email compromise scheme that stole $25 million from U.S. companies.
“Thanks to FBI Boston, our Cyber Division, and international partners, we helped dismantle a VPN service used by ransomware groups around the world,” Patel said, later adding, “This is exactly what Operation Riptide is about: targeting the cybercriminal ecosystem at every level. And we’re just getting started.”