Collaborate Disseminate
Up to 61 percent out of the IATA (International Air Transport Association) airline members do not have a published DMARC record. Continue reading Airline DMARC Policies Lag, Opening Flyers to Email Fraud
A 64-year-old man has admitted his role in an email-based fraud scheme that relied on spoofed email addresses to con two companies out of more than $500,000. Kenety Kim, or Myung Kim, pleaded guilty Tuesday in a Texas court to conspiracy to commit money laundering as part his role in a business email compromise scheme. Kim used email addresses that impersonated legitimate corporate accounts to intercept financial transfers, or to convince a firm to direct money into an account under Kim’s control, according to the plea deal. As part of his agreement with U.S. prosecutors, Kim acknowledged that he has earned more than $700,000 from a web of fraud schemes, including some for which he was not charged. In one incident, he created an email account that appeared to belong to a construction company based in Pinehurst. then used that to ask another company, based in Huntsville, to send him […]
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Continue reading Email scammer pleads guilty to defrauding Texas firms out of more than $500,000
Threat actors are buying and selling taxpayer data on hacker forums as well as using phishing and other campaigns to steal various U.S. government payouts. Continue reading Hackers Dumpster Dive for Taxpayer Data in COVID-19 Relief Money Scams
Investment brokers are the target of a new wave of socially engineered phishing attacks, warns FINRA. Continue reading Attackers Claim Identity of Financial NGO to Steal Sharepoint, Office Credentials
FBI said that government agencies aiming to buy critical items like ventilators have unknowingly transferred funds to threat actors. Continue reading PPE, COVID-19 Medical Supplies Targeted by BEC Scams
Lithuanian Evaldas Rimasauskas has been sentenced to five years in jail for successfully defrauding two US companies out of $122 million. Continue reading Man jailed for $122 million scam that fooled Google and Facebook
A coordinated effort between multiple agencies arrested suspects in Nigeria, the U.S. and eight other countries as well as seized nearly $3.7 million. Continue reading Feds Indict 281 People for Involvement in Massive E-Mail Fraud Scheme
The Nigerian prince scam is back, and this time going after smaller businesses instead of corporates. On Monday, the FBI announced the arrest of 74 alleged email scammers from seven countries, including 15 money mules and 42 scammers in the US alone. T… Continue reading FBI arrests 74 alleged scammers in international financial fraud operation
Kiss that $90K goodbye, untalented imposters! Continue reading Email fraudsters foiled by a smiley