The group allegedly used phishing attacks to defraud hundreds of victims. The crooks raked in a profit of about $12 million (10 million) last year alone. The gang members are mostly Italian nationals but ran the ring out of the Canary Islands, an autonomous zone thats a territory of Spain specifically, in the city of Santa Cruz de Tenerife. The group also engaged in other types of online fraud such as SIM swapping and business email compromise (BEC)”]
Source: https://threatpost.com/europol-mafia-cybercrime-ring/174838/