Vulnerabilities / Threats

8/2/2016
12:40 PM
50%
50%

BEC Scam Mastermind Arrested By Interpol

Nigerian national charged with corporate email fraud of more than $60 million.

Mike, a Nigerian national who is regarded the brain behind several Business Email Compromise (BEC), 419 and romance scams, was arrested by Interpol on charges of cheating companies out of more than $60 million, says Trend Micro, a security solution developer. The arrests were reportedly made possible with the help of Nigeria’s Economic and Financial Crime Commission (EFCC) and Trend Micro.

While examining malware used in BEC frauds, Trend Micro in 2014 found evidences in their command-and-control composition that linked them to Mike. The mastermind, whose accomplices include cybercriminals from Nigeria, Malaysia and South Africa, was arrested in June 2016.

BEC scams, says Trend Micro, which are responsible for major financial damages to corporate and businesses, have registered a loss of more than $3 billion in 2016. The fraud involves targeting unsuspecting employees through emails and duping them into transferring money.

Read details 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
Julian Assange Arrested in London
Dark Reading Staff 4/11/2019
8 'SOC-as-a-Service' Offerings
Steve Zurier, Freelance Writer,  4/12/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-1840
PUBLISHED: 2019-04-18
A vulnerability in the DHCPv6 input packet processor of Cisco Prime Network Registrar could allow an unauthenticated, remote attacker to restart the server and cause a denial of service (DoS) condition on the affected system. The vulnerability is due to incomplete user-supplied input validation when...
CVE-2019-1841
PUBLISHED: 2019-04-18
A vulnerability in the Software Image Management feature of Cisco DNA Center could allow an authenticated, remote attacker to access to internal services without additional authentication. The vulnerability is due to insufficient validation of user-supplied input. An attacker could exploit this vuln...
CVE-2019-1826
PUBLISHED: 2019-04-18
A vulnerability in the quality of service (QoS) feature of Cisco Aironet Series Access Points (APs) could allow an authenticated, adjacent attacker to cause a denial of service (DoS) condition on an affected device. The vulnerability is due to improper input validation on QoS fields within Wi-Fi fra...
CVE-2019-1829
PUBLISHED: 2019-04-18
A vulnerability in the CLI of Cisco Aironet Series Access Points (APs) could allow an authenticated, local attacker to gain access to the underlying Linux operating system (OS) without the proper authentication. The attacker would need valid administrator device credentials. The vulnerability is due...
CVE-2019-1830
PUBLISHED: 2019-04-18
A vulnerability in Locally Significant Certificate (LSC) management for the Cisco Wireless LAN Controller (WLC) could allow an authenticated, remote attacker to cause the device to unexpectedly restart, which causes a denial of service (DoS) condition. The attacker would need to have valid administr...