Collaborate Disseminate
The operation also resulted in the seizure of nearly $2.4 million and the recovery of about $14 million in fraudulent wire transfers, said the FBI. Continue reading FBI’s BEC Crackdown Leads To 74 Arrests Globally
Yesterday we started a series of posts about Operation Wire Wire, where the Department of Justice announced charges against 74 people for Business Email Compromise and related scams.
The South Florida cases are so huge, we’re actually going to break th… Continue reading Operation Wire Wire: The South Florida Cases, Part 1
Operation Wire Wire Cases
Operation Wire Wire was announced June 11, 2018 by the Department of Justice. This Operation led to the arrest of 42 people in the United States and 29 others in Nigeria, Poland, Canada, Mauritius, Indonesia, and … Continue reading 74 (Mostly Nigerians) Arrested in Business Email Compromise Action
The FBI on Monday announced the arrest of 74 people across three continents for hijacking bank transfers using email fraud. The “cyber-enabled financial fraud” allegedly carried out by those apprehended could involve social engineering and computer intrusions to dupe company executives into wiring money, the FBI said. A criminal could use an executive’s compromised email to facilitate a transfer or request W-2 information from within the organization, for example. The scam is essentially a more sophisticated version of the “Nigerian prince” emails that pester the average email user for money. Twenty-nine of the suspects were arrested in Nigeria, 42 in the United States, and the rest in Canada, Mauritius, and Poland. Several of the cases involved global criminal groups that defrauded companies big and small, according to the FBI. The departments of Homeland Security and Treasury, along with the U.S. Postal Inspection Service, were also in on “Operation WireWire” to take down […]
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Continue reading FBI announces arrest of 74 email fraudsters on three continents
Tech-support scams took off during the year, while whaling/business email compromise was the main threat, accounting for losses of more than $675 million. Continue reading FBI: Cyber-Fraud Losses Rise to Reach $1.4B
Researchers have identified a hacking group behind several widescale maritime shipping industry business email compromise (BEC) attacks since June. Continue reading Gold Galleon Hacking Group Plunders Shipping Industry
In March 2016, the email security of former White House Chief of Staff John Podesta was breached. A spear-phishing email warning Podesta to change his Google password was caught and placed in his spam folder but mistaken by a staff member as legitimat… Continue reading Identifying False Positives to Improve Email Security
You may have heard about the recent business email compromise (BEC) attacks in which FACC and MacEwan University respectively lost €52.8 million and $11.8 million. In both cases, scammers impersonated someone staff members trusted and ingeniously dece… Continue reading How to Safeguard Your Enterprise Against Business Email Compromise Attacks
Businesses beware! Online criminals have ramped up their attempts to steal W-2 information from the finance and human resources departments of organisations, according to a warning issued by the FBI.
Read more in my article on the Hot for Security blog.
Continue reading Form W-2 data thefts are rocketing, warns FBI
In anticipation of our previous threat monitoring and forensics webinar we asked the Twitterverse what happens after they report a suspicious email. Does it fall into a black hole? Does IT check it out to mitigate potential impact? The results are… Continue reading What Type of Emails Get Reported the Most?