A new report from cybersecurity company Agari’s Cyber Intelligence Division outlines the operations of a business email compromise (BEC) gang in West Africa, showing that criminals who engage in BEC online theft can have a diverse portfolio of online criminal activity that they use to build their capabilities, and use sophisticated methods to scam their victims, including businesses and government agencies.
BEC is a cyberfraud tactic in which a scammer will contact a target using phishing emails imitating a fellow employee of the target (often someone in the finance department or management) usually seeking to convince the victim to conduct a business transaction, most likely a money transfer to an account run by the scammer. The scammers may also try to trick their victims into clicking a link in an email or visiting a scam website, which could provide the scammers with the…
