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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
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