June 6, 2024 at 09:35AM The US Justice Department seeks to recover over $5 million stolen from a trade union by cyber scammers through a BEC scam. The fraud involved spoofing emails, recruiting money mules, and rapidly moving funds between bank accounts. The department aims to stop such scams, which cause estimated daily losses of … Read more
June 3, 2024 at 06:48PM Former Epsilon Data Management LLC executives Robert Reger and David Lytle were convicted of selling consumer data for fraudulent schemes. The data was used to target individuals with personalized emails promising large prizes, leading to significant financial losses. Epsilon resolved its criminal liability with a $150 million penalty, compensating 200,000 … Read more
May 16, 2024 at 03:24PM The U.S. Justice Department charged five individuals, including a U.S. citizen and a Ukrainian man, for involvement in cyber schemes benefitting North Korea’s nuclear weapons program. Two were arrested and face charges related to fraud, identity theft, and money laundering. The scheme compromised over 60 U.S. identities and generated at … Read more