Fraud fighters online have infiltrated a cybercrime gang committing BEC scams.
Ronnie Tokazowski is a threat researcher at Agari, a security firm that has closely tracked many of the groups behind these advanced fee schemes. Tokazowski said it’s likely the group B. Ware has infiltrated is involved in a myriad other email fraud schemes, including so-called “business email compromise” (BEC) or “CEO scams,” in which the fraudsters impersonate executives at a company in the hopes of convincing someone at the firm to wire money for payment of a non-existent invoice. According to the FBI, BEC scams netted thieves nearly $2 billion in 2020 — far more than any other type of cybercrime.
Read the full article here: https://krebsonsecurity.com/2021/06/we-infiltrated-a-counterfeit-check-ring-now-what/
John Wilson spoke to ConsumerAffairs about today’s phishing scam scene and provided tips to recognize legitimate emails from phishing attempts.
Eric George spoke to TechTarget and elaborated on whether AI technology contributes to increased vishing attacks.
