A pair of Toronto police officers are being lauded for shutting down a series of complex frauds targeting the financial industry.

Banking industry trade group the Canadian Bankers Association (CBA) bestowed an award on a pair of officers in the Financial Crimes Unit of the Toronto Police Service for their role in disrupting frauds being perpetrated by “organized criminal groups.” The groups used malware, phishing and social engineering to engage in identity theft, account takeovers and synthetic account openings.

The frauds, “significantly impacted the financial industry,” the CBA said in a release, generating losses of over $770,000.

The officers, detective Tenzin Tsering and constable Kaine Mildenberger, were “instrumental in identifying and disrupting the crime groups, ultimately bringing those responsible to justice,” the CBA said.

Their awards were handed out at the Canadian Association of Chiefs of Police annual conference in Calgary.

“These awards are our way of recognizing and celebrating the exceptional work of police officers and their ongoing collaboration with banks to protect Canadians against financial crime,” said Adrian White, director of financial crimes at the CBA, in a statement.