BEC
Spain arrests 34 suspects linked to Black Axe cyber crime
Authorities in Spain have arrested 34 individuals allegedly part of a criminal network involved in cyber fraud and believed to be connected to the Black Axe group responsible for illicit activities across Europe. The operation was carried out with the help of the Bavarian State Criminal Police Office and the support of Europol. During searches […]
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INTERPOL recovers over $40 million stolen in a BEC attack
A global stop-payment mechanism created by INTERPOL successfully recovered over $40 million stolen in a BEC attack on a company in Singapore. INTERPOL says this is the largest recovery of funds stolen through a business email compromise (BEC) scam. BEC scams are a type of cyberattack in which cybercriminals attempt to redirect legitimate corporate payments to an […]
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