As part of the State efforts to protect the citizens, public and private institutions from cyber risks and emerging forms of cybercrimes, the Administrative Control Authority (ACA) managed to arrest a person who specializes in creating platforms to provide hacking and electronic fraud services targeting individuals and public and private institutions inside and outside Egypt.

The investigations of the Administrative Control Authority (ACA) revealed that this person created several platforms that allow users to access malware, specifically designed to steal personal data as well as public and private institutions, especially those that provide financial services. The said person created fraudulent websites attributed to those institutions and sold to those desire to have against US dollars, paid in crypto currencies to avoid monitoring those transactions and to weaken any chance of tracking them. Investigations confirmed that the platforms managed by the accused are among the largest global platforms involved in committing such crimes during 2024 with a total value of transactions exceeding hundreds of thousands of dollars. 

When presented to the Economic Affairs and Money Laundering Prosecution, that initiated the investigations, it issued its decision to detain the accused.

The ACA urges citizens to be cautious of the emerging patterns of fraudulent cyber-attacks that aim to hack personal and financial data.