A coordinated law enforcement operation has resulted in the arrest of 11 members allegedly belonging to a Nigerian cybercrime gang notorious for perpetrating business email compromise (BEC) attacks targeting more than 50,000 victims in recent years. The disruption of the BEC network is the result of a ten-day investigation dubbed Operation Falcon II undertaken by …
Three Nigerian citizens suspected of being members of an organized cybercrime group behind distributing malware, carrying out phishing campaigns, and extensive Business Email Compromise (BEC) scams have been arrested in the city of Lagos, Interpol reported yesterday. The investigation, dubbed “Operation Falcon,” was jointly undertaken by the international police organization along with Singapore-based cybersecurity firm …
Social engineering-driven malware threats continue to be a big threat, but new research details how cybercriminals profit off such schemes to launder hundreds of thousands of dollars from stolen credit cards of unsuspecting victims. Cybersecurity firm Check Point Research, in a report shared with The Hacker news, uncovered the digital trail of a Nigerian cybercriminal, …
The United States Department of Justice announced Monday the arrest of 74 email fraudsters across three continents in a global crackdown on a large-scale business email compromise (BEC) scheme. The arrest was the result of a six-month-long operation dubbed “Operation Wire Wire” that involved the US Department of Justice, the US Department of Homeland Security, …
You may have heard of hilarious Nigerian scams. My all time favourite is this one: A Nigerian astronaut has been trapped in space for the past 25 years and needs $3 million to get back to Earth, Can you help? Moreover, Nigerians are also good at promising true love and happiness. But You know, Love …