Six arrested for Million Pounds phishing scam that drained the bank accounts of hundreds of UK students. Police said that on average the scammers, four men and two women, took amounts of money ranging from ..1,000 to ..5,000 at a time. They have been arrested on suspicion of conspiracy to defraud and committing Computer Misuse Act and money laundering offences. Police also seized computers and equipment from premises in London, Manchester and Bolton. Traditional phishing attacks occur when online fraudsters try to access personal data such as usernames, passwords and credit card details by masquerading as a trustworthy entity.
Source: https://thehackernews.com/2011/12/six-arrested-for-million-pounds.html