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BEC Scammer Gets 25-Year Jail Sentence for Stealing Over $9.5 Million

BEC Scammer Gets 25-Year Jail Sentence for Stealing Over $9.5 Million
Oct 04, 2022
A 46-year-old man in the U.S. has been sentenced to 25 years in prison after being found guilty of laundering over $9.5 million accrued by carrying out cyber-enabled financial fraud. Elvis Eghosa Ogiekpolor of Norcross, Georgia, operated a money laundering network that opened at least 50 business bank accounts for illicitly receiving funds from unsuspecting individuals and businesses after falling victim to romance frauds and business email compromise ( BEC ) scams. Ogiekpolor was charged by a federal grand jury in February 2022 with one count of conspiracy to commit money laundering and 15 counts of substantive money laundering. The scheme was operational from October 2018 to August 2020. According to the U.S. Justice Department (DoJ), Ogiekpolor enlisted the help of eight "money mules" to open the phony bank accounts under the names of non-existent companies, which were subsequently used to stash the proceeds from their criminal activities. These included creating fic

Interpol Arrests 3 Nigerian BEC Scammers For Targeting Over 500,000 Entities

Interpol Arrests 3 Nigerian BEC Scammers For Targeting Over 500,000 Entities
Nov 26, 2020
Three Nigerian citizens suspected of being members of an organized cybercrime group behind distributing malware, carrying out phishing campaigns, and extensive Business Email Compromise (BEC) scams have been arrested in the city of Lagos, Interpol reported yesterday. The investigation, dubbed " Operation Falcon ," was jointly undertaken by the international police organization along with Singapore-based cybersecurity firm Group-IB and the Nigeria Police Force, the principal law enforcement agency in the country. About 50,000 targeted victims of the criminal schemes have been identified so far, as the probe continues to track down other suspected gang members and the monetization methods employed by the group. Group-IB's participation in the year-long operation came as part of Interpol's Project Gateway, which provides a framework for agreements with selected private sector partners and receives threat intel directly. "The suspects are alleged to have develo

Cracking the Code to Vulnerability Management

SaaS
websitewiz.ioVulnerability Management / Cloud Security
Vulnerability management in the cloud is no longer just about patches and fixes. In this latest report, the Wiz Security Research team put vulnerability management theory into practice using recently identified vulnerabilities as examples. Get the FREE report.

Transform Your Data Security Posture – Learn from SoFi's DSPM Success

Transform Your Data Security Posture – Learn from SoFi's DSPM Success
Nov 28, 2023Data Security / Posture Management
As cloud technology evolves, so does the challenge of securing sensitive data. In a world where data duplication and sprawl are common, organizations face increased risks of non-compliance and unauthorized data breaches. Sentra's DSPM (Data Security Posture Management) emerges as a comprehensive solution, offering continuous discovery and accurate classification of sensitive data in the cloud. This informative webinar, " Securing Sensitive Data Starts with Discovery and Classification: SoFi's DSPM Story " unveils the success story of SoFi, a pioneering cloud-native financial services provider, and its journey with Sentra's DSPM. It explores the challenges and triumphs in securing cloud data and a roadmap to implementing effective DSPM strategies in your organization. Expert Panel: Aviv Zisso:  As Director of Customer Success at Sentra, Aviv brings deep insights into data security needs and solutions. Pritam H Mungse:  SoFi's Director of Product Security, Pr
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