FBI Says 74 Arrested in Global Crackdown on Email Fraud

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US authorities said on Monday that 74 peoples had been arrested in a global crackdown on email fraud scams, in which criminals have endeavored to take billions of dollars from organizations and individuals.

FBI

The cases include a developing type of fraud known as “business email compromise” that objectives representatives with access to corporate finances. The fraudsters send messages that have all the earmarks of being from trusted corporate officials or sellers, which instruct targeted employees to wire funds to accounts controlled by criminals.

The same groups also ran similar targeting individuals, including real-estate purchasers and the elderly, the bureau said.

About $2.4 million (generally Rs. 16 crores) was seized in the half year task named “Operation Wire Wire” and about $14 million (generally Rs. 94 crores) in fraudulent wire transfers was recovered, as per the US Federal Bureau of Investigation.Of those arrested, 42 were in the United States, 29 in Nigeria, and the others in Canada, Mauritius, and Poland.

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