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Cyber Security

Scammer sentenced for stealing $9M from adoption, automotive firms

Igor Buzyukov of Weston, Florida, was sentenced to 37 months in prison for his role in a business account takeover scheme that resulted in more than $9 million in total financial losses. Business account takeover (also known as corporate account takeover) is a type of fraud or business identity theft where scammers gain access to a business’ finances to fraudulently change its bank accounts to ones under their control to make unauthorized transactions. The scam involved siphoning e-commerce customer payments from a financial tech firm headquartered in San Jose, California, between February 2018 and July 2018.

Source: https://www.bleepingcomputer.com/news/security/scammer-sentenced-for-stealing-9m-from-adoption-automotive-firms/

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