Cyber fraud network behind €5,93 million in losses dismantled in Spain

Help Net Security

January 12, 2026 at 10:18 AM

Overview

The Spanish National Police, in collaboration with Germany's Bavarian State Criminal Police and Europol, has dismantled a cyber fraud network linked to the notorious group Black Axe. This organization, which originated in Nigeria, is believed to have caused losses exceeding €5.93 million through various cyber-enabled fraud activities. The operation underscores the significant international effort required to combat organized cybercrime, which spans multiple countries. By targeting such networks, law enforcement aims to disrupt their operations and protect potential victims from future scams. The dismantling of Black Axe serves as a crucial step in addressing the growing threat of cyber fraud affecting individuals and businesses alike.

Key Takeaways

Timeline: Ongoing since 2023

Original Article Summary

The Spanish National Police (Policía Nacional), working closely with the Bavarian State Criminal Police Office (Bayerisches Landeskriminalamt) and with support from Europol, has carried out an operation targeting the international criminal organization known as Black Axe. Black Axe is a highly structured, hierarchical group that originated in Nigeria and has a presence in dozens of countries worldwide. The network is suspected of being involved in a wide range of criminal activities, including cyber-enabled fraud, drug … More → The post Cyber fraud network behind €5,93 million in losses dismantled in Spain appeared first on Help Net Security.

Impact

Not specified

Exploitation Status

No active exploitation has been reported at this time. However, organizations should still apply patches promptly as proof-of-concept code may exist.

Timeline

Ongoing since 2023

Remediation

Not specified

Additional Information

This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.

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