Canadian police apprehended four members of a cybercrime ring accused of running a CAD 2 million defrauding operation on a local business. The criminals broke into the yet unnamed company’s computer system, accessed its database and proceeded to inflate the value of its prepaid debit cards.

They subsequently used the loaded cards to withdraw money at Canadian ATMs as well as in several other countries. Three of the four arrested fraudsters – who were apprehended in Montreal after an investigation which spanned over seven months and involved Montreal, Calgary and Vancouver police forces as well as U.S. authorities – are from Montreal and one has been identified as being an Israeli citizen.