Email Scam Nets $214 Million in 14 Months: FBI

  • 22 January 2015
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As it says at the end of the article, 2 step virification or digital signatures are suggested to help prevent the scams.
 
By AFP on January 22, 2015 Washington  - An email scam which targets businesses with bogus invoices has netted more than $214 million from victims in 45 countries in just over one year, an FBI task force said Thursday.

The Internet Crime Complaint Center, a joint effort of the FBI and the nonprofit National White Collar Crime Center, said the losses were calculated from October 1, 2013 to December 1, 2014.

In the scheme, fake invoices are delivered to businesses which deal with overseas suppliers, asking for payment by wire transfer.

"The fraudulent wire transfer payments sent to foreign banks may be transferred several times but are quickly dispersed," the task force said in a statement.

"Asian banks, located in China and Hong Kong, are the most commonly reported ending destination for these fraudulent transfers." Full Article

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