Ars Technica: FBI recovers $14M from bogus business account wire transfers

Ars Technica: FBI recovers $14M from bogus business account wire transfers. “Federal authorities announced Monday that they had “disrupted” what they call ‘Business Email Compromise’ schemes, which involve a malicious actor sending a phishing email and somehow convincing employees with access to a company’s financial credentials to transfer money fraudulently. The FBI added that $2.4 million dollars was seized, while $14 million in ‘fraudulent wire transfers’ was recovered.”

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