Police Recover Over $40m Headed to BEC Scammers
ID: 230efd87-a444-5ec5-a9cd-846927de6836
STIX ID: report--230efd87-a444-5ec5-a9cd-846927de6836
Feed Name: Infosecurity Magazine (News)
Threat Score
A Singaporean commodity firm was defrauded via a business email compromise and transferred $42.3M to a spoofed supplier account in Timor Leste; Interpol’s I-GRIP mechanism and the Singapore Police Force intervened to recover roughly $41M+, leading to arrests and the return of funds to the victim, underscoring the financial scale of BEC scams and the value of rapid international cooperation.
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