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Nigerian Entrepreneur Pleads Guilty in $11 Million BEC Scam

Nigerian entrepreneur has pleaded guilty to charges stemming from an $11 million business email compromise scheme. Obinwanne Okeke, 32, defrauded Unatrac Holding Ltd., the U.K.-based export sales office for Caterpillar, prosecutors say. He was profiled in 2016 by Forbes as one of “Africa’s most promising entrepreneurs” Cybercrime gangs operating out of Nigeria waged a combined total of 92,000 BEC attacks each month in 2019, a 172 percent increase from the previous year.”]

Source: https://www.databreachtoday.com/nigerian-entrepreneur-pleads-guilty-in-11-million-bec-scam-a-14479

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