“The effects of cyber-enabled crime can be devastating – people losing their life savings, businesses crippled, and trust in digital and financial systems undermined,” INTERPOL Secretary General Valdecy Urquiza said in a statement.

“The borderless nature of cybercrime means international police cooperation is essential, and the success of this operation supported by INTERPOL shows what results can be achieved when countries work together. It’s only through united efforts that we can make the real and digital worlds safer.”

As part of HAECHI-V, INTERPOL said Korean and Beijing authorities jointly dismantled a widespread voice phishing syndicate responsible for financial losses totaling $1.1 billion and affecting over 1,900 victims.

Cybersecurity researchers have shed light on a new stealthy malware loader called BabbleLoader that has been observed in the wild delivering information stealer families such as WhiteSnake and Meduza.

BabbleLoader is an “extremely evasive loader, packed with defensive mechanisms, that is designed to bypass antivirus and sandbox environments to deliver stealers into memory,” Intezer security researcher Ryan Robinson said in a report published Sunday.

Evidence shows that the loader is being used in several campaigns targeting both English and Russian-speaking individuals, primarily singling out users looking for generic cracked software as well as business professionals in finance and administration by passing it off as accounting software.