New Sophisticated “Exaggerated Lion” BEC Check Scam Uses Mules to Cash Out

You may wonder exactly how BEC scammers see a payday. New insight from security vendor Agari documents how a secondary check scam dupes unsuspecting victims to help.

From April to October of 2019, the African-based cybercriminal group known as “Exaggerated Lion” ran a set of business email compromise (BEC) attacks tricking mostly Accounts Payable employees at over 2,100 companies into fraudulently sending money to alternate bank accounts.
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