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U.S. victims lost nearly $21 billion to cyber-enabled crimes last year, driven primarily by investment scams, business email compromise, tech support fraud, and data breaches, the Federal Bureau of Investigation says. [...]
INTERPOL said it devised a "global stop-payment mechanism" that helped facilitate the largest-ever recovery of funds defrauded in a business email compromise (BEC) scam. The development comes after an unnamed commodity firm based in Singapore fell victim to a BEC scam in mid-July 2024. It refers to a type of cybercrime where a malicious actor poses as a trusted figure and uses email to
A year-long international investigation has resulted in the arrest of the suspected head of the SilverTerrier cybercrime group by the Nigeria Police Force
A coordinated operation conducted by the FBI and its international law enforcement partners has resulted in disrupting business email compromise (BEC) schemes in several countries. [...]