Europol, in cooperation with Latvian law enforcement, has dismantled a major cybercrime operation responsible for large-scale telecom and financial fraud across Europe.

Authorities seized five servers, 1,200 SIM box devices, and 40,000 active SIM cards used to facilitate fraudulent activities. The network has been linked to over 1,700 cyber fraud cases in Austria and 1,500 in Latvia, causing losses of several million euros — including €4.5 million in Austria and €420,000 in Latvia.

Investigators say the crackdown marks a significant step in combating organized cybercrime and telecom-related fraud schemes.