"INTERPOL Recovers $41 Million in Largest Ever BEC Scam in Singapore"

INTERPOL's "global stop-payment mechanism" helped recover millions of dollars in funds defrauded in a large Business Email Compromise (BEC) scam. The move follows a mid-July 2024 BEC scam at a Singapore commodity company. BEC attacks are a type of cybercrime that can be carried out in a variety of ways, such as gaining unauthorized access to a finance employee's or law firm's email account and sending fake invoices, or impersonating a third-party vendor and sending a fake bill. This article continues to discuss INTERPOL's recent recovery of funds defrauded in a BEC scam.

THN reports "INTERPOL Recovers $41 Million in Largest Ever BEC Scam in Singapore"

Submitted by grigby1