Organized cybercrime groups are using nude photos and explicit videos to blackmail victims in “sextortion” attacks.

They would befriend them and eventually invite them to engage in cybersex, before blackmailing them with the recorded videos.

Police and intelligence officers were able to dismantle the ring by monitoring social media sites and tracing cash flows, and they hope their investigation will deter other crime groups — especially in the Philippines, which holds the ignominious title of sextortion capital of the world.

The network was dismantled after an investigation launched by Philippine police, Interpol, and the US Department of Homeland Security, among other law enforcement agencies.

At least 58 suspects were arrested in Manila and other Philippine cities, officials announced Friday, alleging that they collected thousands of dollars from hundreds of victims.

Most of the victims were from the Asia, Europe, and the US, including a 17-year-old Scottish boy who committed suicide after being targeted on Skype.

Authorities say the suspects would lure their victims using fake profiles on social media and porn websites.

Sextortion is blackmail via having cybercrime victims pay money to prevent sexually explicit images and video from being made public.

Like internet scams that rely on social engineering, the sextortion racket also exploits gullible victims."Members of a sextortion crime ring in the Philippines created fake Facebook accounts, which presented them as attractive women to lure men into chatting with them.

What sets this campaign of sextortion apart is that it has now been adopted by organized cybercrime organizations and is being used systematically to wreak havoc on lonely, desperate victims online.

According to the Trend Micro report, crime rings are setting up fake Facebook accounts and posing as flirtatious, available women.

Multiple reports said that the trap was set by an organized criminal group specializing in blackmailing rich Gulf men for large sums of money by threatening to post incriminating footage of them.