Authorities Arrest ‘Prominent’ Nigerian BEC Threat Actor

No doubt remote work has tilled fertile ground for miscreants bent on executing business email compromise (BEC) scams, which is why it’s good news that authorities have one operator—from Nigeria—in custody.
“While BEC attacks don’t receive the daily headlines that ransomware does, they remain a highly profitable cybercrime venture,” said Rick Holland, CISO, vice president of strategy at Digital Shadows. “BEC’s targeted and methodical nature means the volume of the attacks isn’t on the same scale as extortion; however, the profits are still there.” The threat of BEC attacks was exacerbated by the pandemic.
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