US DOJ indicts three men with money laundering and aggravated identity theft. The men allegedly conducted an extensive business email compromise scheme. They allegedly laundered over $1.1 million funds obtained fraudulently from at least five victim businesses. The fraud was uncovered during a joint investigation between the USSS and the Postal Inspection Service that began in August 2019. BEC is “one of the most financially damaging online crimes,” the FBI says. The FBI also published tips and resources for taking preventive measures against BEC attacks.”]
Source: https://www.cuinfosecurity.com/3-men-charged-by-us-doj-laundering-bec-proceeds-a-17726