- dr staff 125x125 - 74 Arrested in International Email Scam Schemes

A coordinated effort has led to the arrest of 74 individuals around the world on charges of defrauding businesses and individuals.

The US Department of Justice today said it has arrested 74 individuals engaged in business email compromise (BEC) schemes, with approximately $14 in fraudulent wire transfers recovered.

The so-called Operation Wire Wire that netted the suspects was a coordinated effort by the DoJ, US Department of , US Department of the Treasury, and US Postal Inspection Service, along with enforcement from Nigeria, Poland, Canada, Mauritius, Indonesia, and Malaysia. Wire transfers are still commonly used to move money around the globe, and BEC attacks try to hijack those transfers and steal the money in motion. 

Among the 74 arrests, 42 came in the US, in Nigeria, and three each in Canada, Mauritius, and Poland. 

Since the Internet Crime Complaint Center (IC3) began keeping track of BEC and its variant, email account compromise (EAC), as a complaint category, there has been a loss of over $3.7 billion reported to the IC3. 

For more, read here.

Dark Reading’s Quick Hits delivers a brief synopsis and summary of the significance of breaking events. For more information from the original source of the item, please follow the link provided in this article. View Full Bio

More Insights



Source link

No tags for this post.

LEAVE A REPLY

Please enter your comment!
Please enter your name here