A Single BEC Gang is Launching Thousands of Attacks Per Year

A unique cybercriminal group launched business email compromise (BEC) attacks against more than 2,100 companies in the US between April and August 2019, according to researchers at Agari. The group, which Agari calls “Exaggerated Lion,” is based in Nigeria, Ghana, and Kenya, and it’s been conducting online scams since at least 2013. In 2017, the gang started carrying out BEC scams, and they’ve continually improved their tactics ever since.
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