BEC (Business Email Compromise), is a consortium of electronics fraudsters targeting and collecting personal and business banking data.
Nigeria appears to be at the top of all countries with 167 arrests. Other countries arrested include the US, Ghana and Turkey, among others.
The statement states in part: “The Operation Rewired, a concerted law enforcement effort by the US Department of Justice, the US Department of Homeland Security, the US Department of the Treasury, the US Postal Inspection Service and the US Department of State, made four months of 281 arrests in the United States States and abroad, including 167 in Nigeria, 18 in Turkey and 15 in Ghana. Arrests were also made in France, Italy, Japan, Kenya, Malaysia and the United Kingdom (UK). "
In the process, law enforcement agencies seized 3,7 million dollars (383 million dollars) from the suspects.
According to US authorities, the crime consortium in cyberspace it often targets employees and companies by gaining access to their personal information and deceiving them through impersonation.
"BEC, also known as 'online financial fraud', is a complex fraud that often targets employees who have access to the company's financial assets and to companies that collaborate with foreign suppliers and / or businesses that regularly make bank payments."
"The same criminal organizations that commit BECs also exploit individual victims, often real estate buyers, the elderly and others, forcing them to transfer bank accounts to accounts controlled by them. Criminals».
According to the US Department of Justice, criminals use various means to deceive and steal their targets, either by engaging in a false relationship with their victims, or by using fake vehicle sales online, fake online jobs, fake lotteries. and fake real estate.
The catastrophic consequences of these attacks affect not only individual businesses but also the global economy as a whole. According to the Internet Crime Complaint Center (IC3), about $ 1,3 billions were reported to have been lost to 2018, a figure that is almost double that of last year.
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