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Bitcoin Daily: FBI Says Nigerian BEC Scam Netted Millions With Some Converted To Bitcoin

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Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Ponle, according to the complaint, wasn’t that concerned with covering his tracks — he reportedly used the same address on the Bitcoin network since 2014.

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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

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million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). million, and it isn’t clear whether private customer data was compromised by the attack. Corporate travel manager CWT paid $4.5

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FBI: BEC Scams Stole $1.2B In 2018

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Business email compromise (BEC) scams are gaining traction, and bilking unwitting individuals and companies out of an increasing amount of money. Recently announced statistics from the Federal Bureau of Investigation (FBI) bear out this trend. Actors usually get around 70 percent of the face value of the card in bitcoin.”.

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FBI Details Evolving Sophistication Of BEC Scammers

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The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years. billion in 2019.

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Data Shows 41 Pct Hike In Ransomware Attacks In 2019

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Anything of value that is smart and connected can be compromised and held for ransom,” said Steve Grobman, the chief technology officer at McAfee. “If In its most recent warning, the FBI said cyberattacks were becoming “more targeted, sophisticated, and costly.”. and Europe.

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Email B2B Scams Cost $26B Over Last Three Years

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But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. Federal Bureau of Investigation.

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City Held Hostage — Via Bitcoin Ransomware

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When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. Ironically, this most recent case comes less than a year after a New Jersey police officer from the same city was nabbed for selling bitcoin mining equipment. The result? million in losses for victims.