Major BEC Phishing Ring Cracked Open with 3 Arrests

Three men suspected of participating in a massive business email compromise BEC ring have been arrested in Lagos, Nigeria. A joint INTERPOL, Group-IB and Nigeria Police Force cybercrime investigation resulted in the arrest of the Nigerian nationals, believed to be responsible for distributing...

BEC Wire Transfers Average $80K Per Attack

The average wire-transfer loss from business email compromise BEC attacks is significantly on the rise: In the second quarter of 2020 the average was $80,183, up from $54,000 in the first quarter. That’s according to the recently released Anti-Phishing Working Group APWG’s Phishing Activity Trend...