BEC Attacks: Nigeria No Longer the Epicenter as Losses Top $26B

A study of more than 9,000 instances of business email compromise BEC attacks all over the world shows that the number has skyrocketed over the past year, and that the social-engineering scam has expanded well beyond its historic roots in Nigeria. The report from Agari’s Cyber Intelligence Divisi...

Feds Indict 281 People for Involvement in Massive Email Fraud Scheme

Federal authorities have arrested 281 people and seized nearly $3.7 million in a coordinated effort between multiple agencies to disrupt a massive email-fraud scheme. Perpetrators of a global business email compromise BEC scheme were the target of a four-month investigation that began in May call...

Hundreds of BEC Scammers Arrested in Nigeria and U.S. — $3.7 Million Recovered

Breaking News — The Nigerian prince and his allies who might have also asked you over an email for your assistance to help save "the first African astronaut lost in space" have finally been arrested by the FBI. Don't take it too seriously, as there's no Nigerian prince or an astronaut seeking you...