Authorities in Nigeria have announced the arrest of three "high-profile internet fraud suspects" who are alleged to have been involved in phishing attacks targeting major corporations, including the main developer behind the RaccoonO365 phishing-as-a-service (PhaaS) scheme.
The Nigeria Police Force National Cybercrime Centre (NPF–NCCC) said investigations conducted in collaboration with Microsoft and the Federal Bureau of Investigation (FBI) led to the identification of Okitipi Samuel, also known as Moses Felix, as the principal suspect and developer of the phishing infrastructure.
"Investigations reveal that he operated a Telegram channel through which phishing links were sold in exchange for cryptocurrency and hosted fraudulent login portals on Cloudflare using stolen or fraudulently obtained email credentials," the NPF said in a post shared on social media.
In addition, laptops, mobile devices, and other digital equipment linked to the operation have been seized following search operations conducted at their residences. The two other arrested individuals have no connection to the creation or operation of the PhaaS service, per the NPF.