The suspects reportedly used threats against the victims’ families, carried out shooting incidents, and even attempted to murder one of the victims.
In total, it is believed the five individuals misappropriated tens of millions of shekels.
The Israel Internet Association stressed that the findings highlight the urgent need to raise awareness and promote individual responsibility among users.
The woman was accused of using a fake company, forged documents and false court filings to carry out the scheme.
Indictments have been filed against a Bulgarian tourist for defrauding Bank Leumi ATMs, as well as an Israeli resident for similar actions.
"Cyberattack and harassment attempts against civilians have increased by tens of percent over the past year," said VP of Community and Social Affairs Edan Ring.
Investing in the right email security measures can help businesses prevent costly cyber incidents and safeguard financial well-being.
JVP will be paying twice the amount it received for a $338,817 second-draw loan under the Paycheck Protection Act Program.
Alterya is a real-time fraud prevention company that focuses on early detection of social engineering scams.
The letter emphasizes that if he does not resign himself, "It will be necessary to initiate legal proceedings for your suspension."