Spanish police have arrested an unnamed UK resident in Palma de Mallorca for his alleged involvement in a cyberattack scheme that saw fraudulent accounts created on BetMGM. The accounts, many using the personal information of pro poker players, executed unauthorized bank account withdrawals of up to $10,000 per transaction.
The British suspect is accused of SIM-swapping, a type of account fraud that exploits two-factor authentication systems through the seizure of one-time passwords. The suspect’s SIM-swapping allegedly provided access or the ability to create new BetMGM accounts.
The investigation by Spanish police found that the British suspect made his way to Spain in May by first making a stop in Barcelona before the probe led to his location in Mallorca.
Authorities were able to apprehend the suspect as he boarded a flight to Italy. Spanish police confisc..