Federal Bureau of Investigation arrests 2 Nigerians in U.S. over cyber-fraud

Share
Federal Bureau of Investigation arrests 2 Nigerians in U.S. over cyber-fraud

The US Justice Department on Monday announced the arrest of 74 individuals, including 42 in the US, for their involvement in "business email compromise" (BEC) schemes created to steal money and valuable information from both businesses and individuals.

"Operation Wire Wire", a coordinated effort by Interpol, national police forces, and United States agencies including the FBI, DoJ, Homeland Security, Treasury Department, Secret Service, and the Postal Inspection Service, was conducted over a six-month period.

The operation has resulted in 42 arrests in the USA, 29 in Nigeria, and three in Canada, Mauritius and Poland.

Law enforcement also seized almost $2.4 million as part of the operation, and recovered approximately $14 million in fraudulent wire transfers by disrupting the BEC schemes, the DOJ said.

"To avoid becoming a victim of BEC and EAC scams, verify the authenticity of any email you receive, especially those that request you to send money through a wire transfer", Turner said. The fraudsters convinced people to transfer money by hijacking email addresses and impersonating business partners.

Since the Internet Crime Complaint Center began keeping track of BEC and its variant, Email Account Compromise, over $3.7 billion in losses has been reported, officials say. By using phishing, social engineering and other types of malicious attacks and intrusions, these potential targets are tricked into making wire transfers that are believed to be the legitimate bank accounts but instead are controlled by criminals.

The same groups also ran similar scams targeting individuals, including real-estate buyers and the elderly, the bureau said.

Separate research by Proofpoint released in February claimed that by the end of 2017, almost 89% of all organizations studied were targeted by at least one BEC attack - a large jump from the 75% targeted in Q4 2016. While several people were caught and indicted in this one case, there is no indication that they arrested the mastermind behind the scheme or even know who the mastermind is.

"This operation demonstrates the FBI's commitment to disrupt and dismantle criminal enterprises that target American citizens and their businesses", FBI Director Christopher Wray said in a statement.

Share

Advertisement

Related Posts

3 Secrets of Innovation Development by Max Polyakov
Also, the investor should never forget that even the biggest amount of invested resources doesn’t guarantee a success. One of the recent examples is the mass closing of brick-and-mortar shops in the USA because of Amazon’s popularity.

New Delhi wants North Korea-Pakistan nuclear axis addressed
Asked about the issue after the meeting , President Trump said he'd been lobbied about the issue even as a presidential candidate. You know when you think-Dennis was a great rebounder and he wasn't, relatively speaking, that tall", Trump said.

North Korea state media says Trump agreed to lift sanctions against North
He said the U.S. is working on the issue with South Korea, and Japan-as well as with China, but "to a lesser extent". Trump said Tuesday the summit has helped bring the world back from "nuclear catastrophe".

Online Casinos that Accept UK Players
Since the UK has grown to become a thriving gambling market, numerous gaming destinations have popped up that provide the service. Since the UK is regarded as the online gaming hub of the world, gamblers in the region are in no short supply of casino options.

Britain's Theresa May wins key vote, but loses a junior minister
The amendment in question hinges on whether lawmakers will get a "meaningful" vote on Britain's membership of the European Union . It would also give hard Brexiteers the chance to "scupper a good deal", she claimed.

Barcelona News: Lionel Messi Conveyed through PSG Star Neymar that Real Madrid is a Bombshell
Although they have lost the trophy to Barcelona in 2015 still they have bounced back to win the game in 2016 and 2017. Also, Youri Djorkaeff claims that PSG would definitely scoop the trophy if they could put Madrid to the sword.

Congress Moving To Block Trump Deal With ZTE Over Iran Sanctions Violations
Meanwhile, there's no guarantee USA lawmakers won't come back with further sanctions. Trump's ZTE deal that would save the company may not happen after all.

The Most Successful X Factor Winners
The song became an instant hit, selling over 1,25 million copies and this in the UK alone, yes , she was the winner of X Factor. M ore recently, “That’s My Goal” reached an outstanding total of 1.12m copies and this just in the UK factor.

Judge orders Angelina Jolie to give Brad Pitt more time with kids
Contentious: Jolie and Pitt split in 2016 amid allegations of child abuse against Pitt during an incident aboard a private plane. He is responsible for returning them back to Jolie in London on July 29, in addition to paying for their transportation.

Justice is served as new Judge Dredd figure preorders are now open
Despite the hefty price tag of $799.99, there is a 15% discount available for customers who pay in full or opt into a payment plan.

© 2015 ExpressNewsline. All Rights reserved.