Doug Bedell — September 11, 2019, 10:51 am

On the Internet, the FBI Breaks Into the Fraudulent Email Racket

The FBI is on to the threat of fraudulent emails intended to pry money from unknowing people. “Federal authorities,” reports ThreatPost, “have arrested 281 people and seized nearly $3.7 million in a coordinated effort between multiple agencies to disrupt a massive email-fraud scheme.”

“Perpetrators of a global business email compromise (BEC) scheme” ThreatPost adds, “were the target of a four-month investigation that began in May called Operation reWired, a coordinated effort by the U.S. Departments of Justice (DoJ), Homeland Security, Treasury, State and the U.S. Postal Inspection Service, working with local and state law-enforcement agencies.”

“The news comes on the heels of an alert issued by the FBI that organizations have lost $26.2 billion in the last three years to BEC schemes, which defraud victims by using emails to deceive them into sending wire transfers or personal information so cybercriminals can realize a financial gain.”

There’s more detail in the post, but be assured that the Internet can be a dangerous place, including the transfer of fradulent emails.

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