Vulnerabilities / Threats

6/11/2018
02:36 PM
50%
50%

74 Arrested in International Email Scam Schemes

A coordinated effort has led to the arrest of 74 individuals around the world on charges of defrauding businesses and individuals.

The US Department of Justice today said it has arrested 74 individuals engaged in business email compromise (BEC) schemes, with approximately $14 million in fraudulent wire transfers recovered.

The so-called Operation Wire Wire that netted the suspects was a coordinated law enforcement effort by the DoJ, US Department of Homeland Security, US Department of the Treasury, and US Postal Inspection Service, along with law enforcement agencies from Nigeria, Poland, Canada, Mauritius, Indonesia, and Malaysia. Wire transfers are still commonly used to move money around the globe, and BEC attacks try to hijack those transfers and steal the money in motion. 

Among the 74 arrests, 42 came in the US, 29 in Nigeria, and three each in Canada, Mauritius, and Poland. 

Since the Internet Crime Complaint Center (IC3) began keeping track of BEC and its variant, email account compromise (EAC), as a complaint category, there has been a loss of over $3.7 billion reported to the IC3. 

For more, read here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Election Websites, Back-End Systems Most at Risk of Cyberattack in Midterms
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/14/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-13106
PUBLISHED: 2018-08-15
Cheetahmobile CM Launcher 3D - Theme, wallpaper, Secure, Efficient, 5.0.3, 2017-09-19, Android application uses a hard-coded key for encryption. Data stored using this key can be decrypted by anyone able to access this key.
CVE-2017-13107
PUBLISHED: 2018-08-15
Live.me - live stream video chat, 3.7.20, 2017-11-06, Android application uses a hard-coded key for encryption. Data stored using this key can be decrypted by anyone able to access this key.
CVE-2017-13108
PUBLISHED: 2018-08-15
DFNDR Security Antivirus, Anti-hacking & Cleaner, 5.0.9, 2017-11-01, Android application uses a hard-coded key for encryption. Data stored using this key can be decrypted by anyone able to access this key.
CVE-2017-13100
PUBLISHED: 2018-08-15
DistinctDev, Inc., The Moron Test, 6.3.1, 2017-05-04, iOS application uses a hard-coded key for encryption. Data stored using this key can be decrypted by anyone able to access this key.
CVE-2017-13101
PUBLISHED: 2018-08-15
Musical.ly Inc., musical.ly - your video social network, 6.1.6, 2017-10-03, iOS application uses a hard-coded key for encryption. Data stored using this key can be decrypted by anyone able to access this key.