Group-IB, a global threat hunting and intelligence company, supported an INTERPOL-led operation Falcon targeting business email compromise (BEC) cybercrime gang from Nigeria.
A cross-border anti-cybercrime effort that involved INTERPOL's Cybercrime Directorate, Nigerian Police Force, and Group-IB's APAC Cyber Investigations Team has resulted in the arrest of three individuals in Lagos.
Since at least 2017, the prolific gang compromised at least 500,000 government and private sector companies in more than 150 countries. The investigation continues as some of the gang members remain at large.
Business Email Compromise (BEC) is a type of email phishing attack that relies on social engineering. As part of BEC, phishing emails can target particular people within an organization or sent out en masse. Often disguised as money transfer requests, HR-communications or business proposals they aim to steal confidential data.