Blog | G5 Cyber Security

Major BEC Phishing Ring Cracked Open with 3 Arrests

Some 50,000 targeted victims have been identified so far in a massive, global scam enterprise that involves 26 different malwares. The suspects are alleged to have developed phishing links and domains, then carried out mass-emailing campaigns where they impersonated employees at various organizations. They then spread 26 distinct malware variants to victims, including spyware and remote access trojans. The average wire-transfer loss from BEC attacks is significantly on the rise: In the second quarter of 2020 the average wire transfer loss was $80,183, up from $54,000 in the first quarter.

Source: https://threatpost.com/bec-phishing-ring-3-arrests/161616/

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