Shane Chambers No Comments

281 Arrests Made in Massive Business Email Compromise Ring Bust

In a global sting, named Operation reWired, authorities in the US and around the world have arrested 281 individuals that were involved in a global Business Email Compromise (BEC) scam. The ring had been under investigation for months, during which they were found to have hijacked email accounts belonging to company executives, impersonated staff and ultimately tricked unsuspecting employees into wiring millions in funds into the group’s accounts.

Business Email Compromise is a common tactic by cyber criminals which users social engineering to trick staff into transferring money directly to them
Read more