cyber security


Nigerian man arrested for taking $60 million in email scams

PUBLISHED Mon, August 01, 2016 - 10:18pm EDT

A 40-year-old man accused of leading a network of scammers to steal more than $60 million from hundreds of people and businesses around the world has been arrested in southern Nigeria, officials say. A second suspect has also been arrested. (more)

The main suspect, whose real name was not released but who was known as "Mike", is accused of leading an international criminal network responsible for thousands of cases of online fraud. In one instance, a target was conned into paying out $15.4 million.

Mike was arrested in the Nigerian city of Port Harcourt during an operation led by the international police agency Interpol and the Nigerian Economic and Financial Crime Commission. Evidence of a range of crimes, including business email scams and romance scams, were found on devices that were seized.

According to Interpol, Mike was in charge of a network of about 40 people who worked from Nigeria, Malaysia and South Africa to provide malware and carry out the scams. He also had money-laundering contacts in China, Europe and the U.S. to route money from the scams through bank accounts.

Interpol said the group's fraud included two types of scams that targeted small to medium-seized businesses. For one of the scams a supplier's email would have to be compromised, allowing the group to send out fake messages to the company's clients to pay a certain amount to a bank account.

For the second type, the scammers would seek to gain access to the email accounts of high-level business executives to instruct their employees to send out a wire transfer. The money would then be paid out to a bank account under the group's control.

Victims of the group were identified in Australia, Canada, India, Malaysia, Romania, South Africa, Thailand and the United States, according to Interpol. It did not identify the individual or company that was conned into paying out $15.4 million.

Both Mike and the second suspect, identified only as a 38-year-old, face charges that include hacking, conspiracy and obtaining money under false pretenses. Both suspects have been released on administrative bail as the investigation continues.

  Port Harcourt, Nigeria        12 UPDATES



More Updates

 5 months   Credit reporting firm Equifax reports data breach affecting 143 million people

              Credit reporting agency Equifax says cyber criminals exploited a website vulnerability to access confidential information, affecting as many as 143 million Americans and an undisclosed number of people in Canada and the United Kingdom. (more) Read More

  United States        12 UPDATES


 1 yr   412 million users of adult websites exposed in massive hack

              More than 400 million users of adult websites such as Adult FriendFinder and have had their email addresses and passwords stolen, a cyber security firm says, making it one of the largest data breaches ever reported. (more) Read More

  United States        12 UPDATES



 1 yr   U.S. accuses Russia of cyber attacks to interfere with election

              The United States has formally accused the Russian government of directing recent cyber attacks that led to the release of emails through WikiLeaks and other groups, accusing Moscow of trying to interfere with the U.S. elections. Read More

  United States        336 UPDATES



 1 yr   Yahoo confirms data breach affecting at least 500 million users

              Suspected state-sponsored hackers breached Yahoo's network in late 2014, stealing data associated with at least half a billion user accounts, the company confirmed on Thursday, making it the largest data breach ever reported. (more) Read More

  Sunnyvale, CA        12 UPDATES


 2 yrs   WikiLeaks releases documents stolen from CIA director’s email account

              WikiLeaks has released six documents that were reportedly stolen from a private email account belonging to CIA Director John Brennan, and promising additional releases in the coming days. (more) Read More

  United States        12 UPDATES



Happening Now

4 people found dead at home in Ryerson, Ontario

Vehicle strikes security barrier near the White House

Missouri Governor Eric Greitens indicted for invasion of privacy

Australian Deputy PM Barnaby Joyce to resign over misconduct allegation

Florida Amber Alert: Juliet Odierna abducted from Cape Coral


Listen to "BNO News - Breaking News Radio" on Spreaker.


Just want the important news? Sign up now for the fastest email alerts from BNO News. Click here to get started!


4 people found dead at home in Ryerson, Ontario

Florida Amber Alert: Juliet Odierna abducted from Cape Coral

Santa Clarita Valley International Charter School on lockdown

Mary Rose Keadjuk: Missing woman found dead after 27 years

Suicide bomber attacks U.S. embassy in Montenegro


Trump blocks release of Democratic memo on Russia probe

Strong earthquake hits northeast Taiwan, killing at least 2

British court upholds arrest warrant against Julian Assange

‘Glee’ star Mark Salling found dead in apparent suicide

Canadian billionaire and wife were murdered, police say