Cyber Fraud Crackdown in Switzerland

Cyber Fraud Crackdown in Switzerland

Tue, Apr 9th 2024

Switzerland’s crackdown on cyber fraud sees charges against a French-Israeli for embezzling millions from companies.


The Office of the Attorney General of Switzerland (OAG) has brought charges against a suspected cyber fraudster. It accuses the French-Israeli dual national of embezzling more than five million francs from the bank accounts of various companies based in Switzerland.

The man and other perpetrators allegedly operating from Israel used the scam of false bank technicians to divert money from bank accounts of Swiss companies to bank accounts in Switzerland and abroad, the OAG announced on Tuesday.

The OAG filed a complaint for unauthorised data procurement, unauthorised intrusion into a data processing system and fraudulent misuse of a data processing system, it added.

Western Switzerland was affected by a series of fraud cases from 2016 to 2018. The group allegedly opened e-banking sessions via company access accounts and diverted considerable sums of money. The OAG opened an initial criminal investigation against unknown persons in June 2017.


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