Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
News
Inside the Ransomware Campaigns Targeting Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/2/2021
Commentary
Beyond MITRE ATT&CK: The Case for a New Cyber Kill Chain
Rik Turner, Principal Analyst, Infrastructure Solutions, Omdia,  3/30/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-29450
PUBLISHED: 2021-04-15
Wordpress is an open source CMS. One of the blocks in the WordPress editor can be exploited in a way that exposes password-protected posts and pages. This requires at least contributor privileges. This has been patched in WordPress 5.7.1, along with the older affected versions via minor releases. It...
CVE-2021-21405
PUBLISHED: 2021-04-15
Lotus is an Implementation of the Filecoin protocol written in Go. BLS signature validation in lotus uses blst library method VerifyCompressed. This method accepts signatures in 2 forms: "serialized", and "compressed", meaning that BLS signatures can be provided as either of 2 un...
CVE-2021-29430
PUBLISHED: 2021-04-15
Sydent is a reference Matrix identity server. Sydent does not limit the size of requests it receives from HTTP clients. A malicious user could send an HTTP request with a very large body, leading to memory exhaustion and denial of service. Sydent also does not limit response size for requests it mak...
CVE-2021-29431
PUBLISHED: 2021-04-15
Sydent is a reference Matrix identity server. Sydent can be induced to send HTTP GET requests to internal systems, due to lack of parameter validation or IP address blacklisting. It is not possible to exfiltrate data or control request headers, but it might be possible to use the attack to perform a...
CVE-2021-29432
PUBLISHED: 2021-04-15
Sydent is a reference matrix identity server. A malicious user could abuse Sydent to send out arbitrary emails from the Sydent email address. This could be used to construct plausible phishing emails, for example. This issue has been fixed in 4469d1d.