Nigerian BEC

A coordinated law enforcement operation has resulted in the arrest of 11 members allegedly belonging to a Nigerian cybercrime gang notorious for perpetrating business email compromise (BEC) attacks targeting more than 50,000 victims in recent years. The disruption of the BEC network is the result of a ten-day investigation dubbed Operation Falcon II undertaken by the Interpol along with participation from the Nigeria Police Force’s Cybercrime Police Unit in December 2021. Cybersecurity firms Group-IB and Palo Alto Networks’ Unit 42, both of which shared information on the threat actors and their infrastructure, said six...