How Fraudsters Nearly Stole $17.5 Million via PPE Fraud
Compliance
euroinfosec) • April 14, 2021 Get Permission
Babatunde Teddy Adesanya (left) and Akinpelu Hassan are among four men charged with being part of a sophisticated transnational criminal network. (Photo: Interpol Nigeria)
Stop me if you ve heard this one before: Fraudsters managed to trick a company into wiring them millions of dollars via a business email compromise attack.
But in this case, suspects working across borders, after the COVID-19 crisis began, created a clone of a Dutch personal protective equipment provider s website that looked good enough to trick a German buyer and compromised legitimate email addresses to help make the ruse look more real, according to Interpol, the international police organization.