Collaborate Disseminate
The group is believed to have hit more than 50,000 victims.
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International law enforcement authorities say they’ve arrested nearly a dozen members of a notorious Nigerian cybercrime gang potentially responsible for targeting as many as 50,000 victims in various scams in recent years. Some of the 11 suspects are thought to be associated with “SilverTerrier,” a syndicate accused of employing a range of malware variants in tens of thousands of financial scams dating back to at least 2014, Interpol said Wednesday. The announcement comes two months after three members of the same group were arrested after a year-long Interpol-led investigation called Operation Falcon into the prolific business email compromise (BEC) scams the group’s members are alleged to have pulled off over the years. Authorities called this latest roundup Operation Falcon II. The arrests occurred between Dec. 13 and 22, but it’s not clear exactly where. A statement from a senior Nigerian law enforcement official and included in the Interpol release referenced […]
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A group of Nigerian scammers blamed for email fraud accelerated their attacks last year by attempting an average of more than 90,000 attacks per month. The hacking crew, dubbed SilverTerrier by security researchers, began around 2014 as a small group that experimented with easy-to-detect hacking tools. By 2019, though, it had evolved into a team of “mature cybercriminals” who have produced 81,300 malicious software samples connected to 2.1 million attacks, according to Palo Alto Networks findings published Tuesday. SilverTerrier specializes in business email compromise attacks, the kind of email scam in which fraudsters impersonate a victim’s coworker or friend, then ask for wire transfers. It’s a relatively unsophisticated technique that nonetheless cost U.S. victims $1.7 billion in 2019, according to internet crime figures from the FBI. Nigeria, meanwhile, remains a hotspot, if separate indictments against dozens of Nigerian citizens from November and August last year are any indication. The SilverTerrier group is partly responsible […]
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There may be persuasive reasons why providers are reluctant to engage directly with their customers, but the consequences may be grim for both provider and customer. (Plus links to stories about Nigerian BEC scams and fraudulently-obtained airline tick… Continue reading Tech support scam article for ESET
Nigerian-based cybercriminals are growing more dangerous as they add sophisticated tools to their arsenal, including complex remote access trojans, a new report reveals. Continue reading Nigerian BEC Scammers Growing Smarter, More Dangerous