Business Email Compromise (BEC) attacks have proven to be an effective tactic, with criminals stealing large amounts of money from various businesses. From 2013 to 2015, BEC-related damages were estimated at US$ 2.3 billion. Targeting C-level executives has proven to be a very successful tactic, with multiple companies falling victim to this kind of scam.
The operators behind these scams operate from countries where they believe they are safe from law enforcement. Bringing down these syndicates is no easy task: law enforcement agencies and researchers need to work across borders, with differing laws coming into play.Read More