|More from: | The Register ||
Major win against business email compromise losses
Police have carried out a worldwide wave of arrests that have seen 74 people detained and over $16m in purloined funds seized by suspected whalers, or business email compromise (BEC) fraudsters.
Over the past few years the FBI has been targeting BEC fraud, a social-engineering scam to convince companies and individuals to change the wiring address for invoices and contracts, redirecting the money to a criminal’s bank account. Such scams have netted over
About | The Register |
The Register is a leading global online tech publication, with more than nine million monthly unique browsers worldwide. The core audiences are the UK and US, accounting for more than six million. The bulk of the remaining readership are located in Canada, Australia and northern Europe.
Starting out in London in 1994 as an occasional email newsletter, The Register began publishing online daily in 1998. Today The Register is headquartered in London, San Francisco and Sydney and the sun never sets on its reporting team around the world.