INTERPOL Recovers $41 Million in Largest Ever BEC Scam in Singapore

Discussion in 'News Aggregator' started by The Hacker News, 7 Aug 2024.

  1. INTERPOL said it devised a "global stop-payment mechanism" that helped facilitate the largest-ever recovery of funds defrauded in a business email compromise (BEC) scam. The development comes after an unnamed commodity firm based in Singapore fell victim to a BEC scam in mid-July 2024. It refers to a type of cybercrime where a malicious actor poses as a trusted figure and uses email to

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