Wire fraud & BEC news

Surfside Beach Fires Two Finance Workers in $545K Fraud

myrtlebeachsc.com · about 1 month ago

Krebs on Security – In-depth security news and investigation

krebsonsecurity.com · about 1 month ago

How AI Is Fueling Fraud at an Unprecedented Pace

egyptianstreets.com · about 1 month ago

Exposing the Underground Mule-as-a-Service Economy: How AI and Telegram Are Reshaping Money Laundering

Money mule networks have become a critical component of modern cybercrime and financial fraud ecosystems, enabling threat actors to launder and monetize...

kelacyber.com · 30 days ago

Deepfake Video Call Scams: How Continuous Identity Verification Closes the Gap

Business Email Compromise (BEC) has evolved into live deepfake video call fraud, where attackers impersonate executives on camera in real time.

pindrop.com · 21 days ago

Greek Police Recover €4 Million Stolen From Shipping Company In Business Email Compromise Scam

The fraud was reported in August 2025, when a representative of the shipping company filed a complaint with the Hellenic Police.

marineinsight.com · 19 days ago

BEC attacks surge 22% in June as average wire transfer demands hit $71,295: Fortra

Fortra's latest BEC Global Insights Report reveals attackers are chasing bigger payouts through proven social engineering tactics, with gift cards...

tahawultech.com · 19 days ago

US Releases List, Photos of 5 Popular Yahoo Boys Facing Deportation, 1 Appeared on Forbes List

The United States Government, through the DHS, has updated its public register of five online fraudsters (Yahoo boys) scheduled for deportation back to...

legit.ng · 16 days ago

The $8 Million Romance Scam Reality Check Why Cybercrime is No Longer a Tech Problem

The headlines write themselves. A high-profile Ghanaian influencer gets extradited to the United States, accused of laundering millions from fleeced...

weddings.lavenderhotels.co.uk · 16 days ago

7 Real email attacks Barracuda blocked before the inbox

# Real Email Attacks. Stopped Cold. ## Executive impersonation and business email compromise (BEC) ### The CEO who needed your number TARGETED SECTOR: Construction products and distribution REGION: United States  _What the recipient saw._ _A clean, payload-free note impersonating the CEO._ _Details anonymized._ THE LURE A short, friendly note appearing to come from the CEO: “I’m in meetings all day — kindly confirm your direct mobile number.” No link. No attachment. Nothing for a scanner to detonate. It is the opening move: Once the attacker has a phone number, the conversation moves to text messages and typically ends in an urgent gift-card purchase or wire transfer. WHERE THE LINK WOULD HAVE LED No URL and no attachment. The “click” is simply a reply. Once the attacker obtai

blog.barracuda.com · 5 days ago

What a $545,000 email scam in a South Carolina beach town reveals about municipal coverage gaps

# What a $545,000 email scam in a South Carolina beach town reveals about municipal coverage gaps ### An email chain with a sneaky URL change, a Utah bank account swap and a forged signature have left a small community reeling #### [Cyber](https://www.insurancebusinessmag.com/us/news/cyber/) It's a clean, almost textbook case of business email compromise. Nationally, the FBI attributes roughly $3 billion in losses to this exact fraud category over the past year. ## **Why the insurance response is so complicated** Business email compromise sits at an awkward intersection of three different types of coverage, and which one actually responds depends entirely on how a policy is written and what actually happened technically. ## **What this means for anyone advising a public entity** The FBI has said that funds are recovered in roughly 75% of BEC cases reported within 72 hours, but recovery becomes highly unlikely after that window closes. A $100,000 sublimit that looked adequate when it wa

insurancebusinessmag.com · 5 days ago

Email that cost Aussie mum $250k

# Email exposes Australia’s $2 billion scam industry Little did the couple know, their solicitor’s email had been hacked in a business email compromise (BEC) scam.

news.com.au · 5 days ago

45-year-old Nigerian man faces 30 years in US prison over alleged $300,000 romance scam

A US-based Nigerian, Okeoghene Patrick Udugba, has been indicted over an alleged $300000 romance scam and business email fraud targeting a US government...

pulse.ng · 5 days ago

US Grand Jury Indicts Texas-Based Nigerian in USD 300,000 Federal Procurement Fraud

Federal prosecutors in Pennsylvania have unsealed an indictment against a Nigerian national accused of defrauding the US Fish and Wildlife Service.

streamlinefeed.co.ke · 5 days ago

Nigerian in U.S. faces 30 years in prison over alleged $300,000 romance scam

Okeoghene Patrick Udugba, a 45-year-old Nigerian resident in the United States, has been indicted by a federal grand jury over his alleged involvement in a...

businessday.ng · 3 days ago