Thursday, February 2, 2023
  • Software Supply Chain Risks for Low- and No-Code Application Development
  • The Top HEAT Attacks of 2022
  • Don’t Let API Leaks Sink Your Ship | API Security Newsletter
  • Countering Insider Threats as the Great Resignation Continues
  • CISO Makes a Pitch for Security Project Budget with Cost Benefit Analysis

Security Boulevard Logo

Security Boulevard

The Home of the Security Bloggers Network

Community Chats Webinars Library
  • Home
    • Cybersecurity News
    • Features
    • Industry Spotlight
    • News Releases
  • Security Bloggers Network
    • Latest Posts
    • Contributors
    • Syndicate Your Blog
    • Write for Security Boulevard
  • Webinars
    • Upcoming Webinars
    • On-Demand Webinars
  • Events
    • Upcoming Events
    • On-Demand Events
  • Chat
    • Security Boulevard Chat
    • Marketing InSecurity Podcast
    • Techstrong.tv Podcast
    • Techstrong.tv Video Podcast
    • TechstrongTV - Twitch
  • Library
  • Related Sites
    • Techstrong Group
    • Container Journal
    • DevOps.com
    • Security Boulevard
    • Techstrong Research
    • Techstrong TV
    • Techstrong.tv Podcast
    • Techstrong.tv Video Podcast
    • Techstrong.tv - Twitch
    • Devops Chat
    • DevOps Dozen
    • DevOps TV
  • Media Kit
  • About Us
  • Sponsor

  • Analytics
  • AppSec
  • CISO
  • Cloud
  • DevOps
  • GRC
  • Identity
  • Incident Response
  • IoT / ICS
  • Threats / Breaches
  • More
    • Blockchain / Digital Currencies
    • Careers
    • Cyberlaw
    • Mobile
    • Social Engineering
  • Humor
SBN News Security Bloggers Network 

Home » Cybersecurity » SBN News » FBI Arrests 74 in Global Takedown of Business Email Compromise Scammers

SBN

FBI Arrests 74 in Global Takedown of Business Email Compromise Scammers

by Maritza Santillan on June 13, 2018

Federal authorities have arrested dozens of alleged fraudsters in an international takedown of Business Email Compromise (BEC) schemes.

TechStrong Con 2023Sponsorships Available

According to the Department of Justice, a total of 74 individuals were arrested, including 43 in the US, 29 in Nigeria, and three in Canada, Mauritius and Poland.

The operation – dubbed Operation Wire Wire – was conducted over a six-month period and involved the coordinated effort of the Department of Homeland Security, the Department of Treasury and the U.S. Postal Inspection Service.

In addition to the 74 arrests, federal authorities seized nearly $2.4 million and recovered approximately $14 million in fraudulent wire transfers.

“Fraudsters can rob people of their life’s savings in a matter of minutes,” said Attorney General Jeff Sessions in a statement. “These are malicious and morally repugnant crimes.”

“The Department of Justice has taken aggressive action against fraudsters in recent months, conducting the largest sweep of fraud against American seniors in history back in February,” said Sessions.

The Justice Department noted BEC schemes often target employees with access to company finances and businesses that regularly perform wire transfer payments. Individual victims, such as real estate purchasers and the elderly, are also frequently exploited.

In these sophisticated scams, fraudsters attempt to convince victims to make wire transfers to bank accounts controlled by criminals typically by impersonating a key employee or business partner. Meanwhile, individual victims are often lured through romance and lottery scams.

Since the Internet Crime Complaint Center (IC3) began tracking such schemes, victims have reported the loss of more than $3.7 billion.

“This operation demonstrates the FBI’s commitment to disrupt and dismantle criminal enterprises that target American citizens and their businesses,” said FBI Director Christopher A. Wray.

“We will continue to work together with our law enforcement partners around the world to (Read more...)

*** This is a Security Bloggers Network syndicated blog from The State of Security authored by Maritza Santillan. Read the original post at: https://www.tripwire.com/state-of-security/latest-security-news/fbi-arrests-74-in-global-takedown-of-business-email-compromise-scammers/

June 13, 2018June 13, 2018 Maritza Santillan Latest Security News
  • ← PCI DSS 3.2.1 FAQs
  • Announcing the GA Release of SourceClear Custom Policies →

Techstrong TV – Live

Click full-screen to enable volume control
Watch latest episodes and shows
TSTV Podcast

Subscribe to our Newsletters

Most Read on the Boulevard

Another Password Manager Leak Bug: But KeePass Denies CVE
Security, Compliance Risks Complicate Cloud Migration Efforts 
QKD: The Key to a Resilient Future
‘Finish Him!’ US Kills Huawei With Final Tech Ban
Why Traditional Approaches Don’t Work for API Security
Six reasons why FedRAMP® matters to more than just the Feds
ChatGPT: Hopes, Dreams, Cheating and Cybersecurity
What is Red Teaming?
ChatGPT Makes Waves Inside and Outside of the Tech Industry
Sectigo Announces Further Advancements to Industry-Leading CLM Platform

Upcoming Webinars

Mon 13

AI in Machine Learning

February 13 @ 1:00 pm - 2:00 pm
Wed 15

Understanding Cyber Insurance Identity Security Requirements for 2023

February 15 @ 11:00 am - 12:00 pm
Wed 15

Where Will DevSecOps ‘Shift’ Next?

February 15 @ 1:00 pm - 2:00 pm
Tue 21

Headwinds, Crosswinds and Tailwinds: Securing the Cloud in Turbulent Times

February 21 @ 1:00 pm - 2:00 pm
Wed 22

Best Practices to Secure Your Software Supply Chain

February 22 @ 1:00 pm - 2:00 pm
Tue 28

SaaS-Based Container Networking and Security on Amazon EKS

February 28 @ 11:00 am - 12:00 pm

More Webinars

Download Free eBook

The Dangers of Open Source Software and Best Practices for Securing Code

Industry Spotlight

‘Finish Him!’ US Kills Huawei With Final Tech Ban
AI and Machine Learning in Security AI and ML in Security Analytics & Intelligence Application Security Cloud Security Cloud Security Cyberlaw Cybersecurity Data Security Editorial Calendar Featured Governance, Risk & Compliance Humor Identity & Access Industry Spotlight IOT IoT & ICS Security Mobile Security Most Read This Week Network Security News Popular Post Regulatory Compliance Security Awareness Security Boulevard (Original) Social Engineering Spotlight Threat Intelligence Threats & Breaches Vulnerabilities 

‘Finish Him!’ US Kills Huawei With Final Tech Ban

February 1, 2023 Richi Jennings | Yesterday 0
US No-Fly List Leaked via Airline Dev Server by @_nyancrimew
Analytics & Intelligence API Security Application Security Cloud Security Cyberlaw Cybersecurity Data Security DevOps Editorial Calendar Featured Governance, Risk & Compliance Humor Identity & Access Incident Response Industry Spotlight Most Read This Week Network Security News Popular Post Security Boulevard (Original) Spotlight Threat Intelligence Threats & Breaches Vulnerabilities 

US No-Fly List Leaked via Airline Dev Server by @_nyancrimew

January 23, 2023 Richi Jennings | Jan 23 0
T-Mobile’s SIXTH Breach in 5 years: 37M Users’ PII Leaks
Analytics & Intelligence API Security Careers Cloud Security Cyberlaw Cybersecurity Data Security DevOps Editorial Calendar Featured Governance, Risk & Compliance Humor Identity & Access Incident Response Industry Spotlight Mobile Security Most Read This Week Network Security News Popular Post Security Awareness Security Boulevard (Original) Spotlight Threat Intelligence Threats & Breaches Vulnerabilities 

T-Mobile’s SIXTH Breach in 5 years: 37M Users’ PII Leaks

January 20, 2023 Richi Jennings | Jan 20 0

Top Stories

Coalition Forecasts CVE Disclosure Spike in 2023
Application Security Cybersecurity Data Security Featured Governance, Risk & Compliance Incident Response News Security Boulevard (Original) Spotlight Threat Intelligence Vulnerabilities 

Coalition Forecasts CVE Disclosure Spike in 2023

February 1, 2023 Michael Vizard | Yesterday 0
Cybersecurity Featured Governance, Risk & Compliance Incident Response IoT & ICS Security News Security Boulevard (Original) Threat Intelligence Threats & Breaches Vulnerabilities 

Organizations Preparing for Cyberwar

February 1, 2023 George V. Hulme | Yesterday 0
Another Password Manager Leak Bug: But KeePass Denies CVE
Analytics & Intelligence API Security Application Security Cybersecurity Data Security Editorial Calendar Endpoint Featured Governance, Risk & Compliance Humor Identity & Access Identity and Access Management Malware Most Read This Week News Popular Post Securing Open Source Security Awareness Security Boulevard (Original) Social Engineering Software Supply Chain Security Spotlight Threat Intelligence Threats & Breaches Vulnerabilities Zero-Trust 

Another Password Manager Leak Bug: But KeePass Denies CVE

January 31, 2023 Richi Jennings | 2 days ago 0

Security Humor

‘Finish Him!’ US Kills Huawei With Final Tech Ban

‘Finish Him!’ US Kills Huawei With Final Tech Ban

Security Boulevard Logo White

DMCA

Join the Community

  • Add your blog to Security Bloggers Network
  • Write for Security Boulevard
  • Bloggers Meetup and Awards
  • Ask a Question
  • Email: [email protected]

Useful Links

  • About
  • Media Kit
  • Sponsor Info
  • Copyright
  • TOS
  • DMCA Compliance Statement
  • Privacy Policy

Related Sites

  • Techstrong Group
  • Container Journal
  • DevOps.com
  • Digital CxO
  • Techstrong Research
  • Techstrong TV
  • Techstrong.tv Podcast
  • DevOps Chat
  • DevOps Dozen
  • DevOps TV
Powered by Techstrong Group
Copyright © 2023 Techstrong Group Inc. All rights reserved.