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INTERPOL has arrested three Nigerians for Compromise of Business Email (BEC).
The year-long investigation, dubbed “Operation Falcon”, involved INTERPOL’s National Central Office in Abuja, the Nigerian Police and the IB Group’s APAC Cyber Investigations Team.
Since at least 2017, the cybercrime ring attacked no fewer than 500,000 government and private sector companies in more than 150 countries.
Group-IB, a global intelligence and threat hunting company, established that there are subgroups with several members still at large.
The three detainees have the initials OC (32 years), IO (34 years) and OI (35 years).
In a statement, INTERPOL noted that the suspects allegedly developed phishing links, domains, and mass mailing campaigns.
They posed as representatives of organizations.
The ring spread 26 malware, spyware and remote access tools, including AgentTesla, Loki, Azorult, Spartan, and nanocore, and Remcos remote access Trojans.
The gang used the programs to infiltrate and monitor victims’ systems, before launching scams and diverting funds.
INTERPOL’s Director of Cybercrime, Craig Jones, congratulated everyone who participated in the investigation.
“This group had a well-established criminal business model. From infiltration to collection, they used a multitude of tools and techniques to generate maximum profits. We look forward to seeing additional results from this transaction, ”Jones said.
