The operation also resulted in the seizure of nearly $2.4 million and the recovery of about $14 million in fraudulent wire transfers, said the FBI.

Nigerian-based cybercriminals are growing more dangerous as they add sophisticated tools to their arsenal,  including complex remote access trojans, a new report reveals.

Researchers have identified a hacking group behind several widescale maritime shipping industry business email compromise (BEC) attacks since June.

Flashpoint warns of a new business email compromise campaign targeting organizations in various industries with the aim of harvesting credentials.

The FBI’s Internet Crime Complaint Center (IC3) identified ransomware as one of 2016’s top threats, but a relatively small number of attacks were reported.

Mike Mimoso and Chris Brook discuss the news of the week, including Microsoft’s XP patches, Hidden Cobra, a Nigerian BEC campaign, MacRansom, and more.

A Kaspersky Lab report on Thursday said an especially potent Nigerian Business Email Compromise campaign has stolen sensitive data from over 500 companies in 50 countries.

The FBI says Business Email Compromise scams are growing at astronomical rates, and businesses have lost $5.3 billion since 2013; $346 million in the U.S. alone in the second half of 2016.

Researchers from Dell SecureWorks infiltrated a Nigerian business email spoofing and business email compromise operation, shutting down a number of money mule accounts in the process.

LAS VEGAS – Poor operational security on the part of Nigerian scammers running a Business Email Compromise (BEC) scheme has given researchers a window into their operations. Dell SecureWorks today published a report at Black Hat USA 2016 on what the criminals involved call wire-wire, or “waya-waya.” These attackers aren’t particularly sophisticated malware coders, for...