Security News > 2020 > February > BEC Group Favors G-Suite, Physical Checks: Report

Like many other BEC scammers, this group primarily runs its activities from Nigeria, but it also has operations in Ghana and Kenya, according to the report.

Although the BEC gang originally focused on more traditional check fraud when it started operations in 2013, the group switched to BEC schemes starting around mid-2017, the researchers determined.

In their new report, the Agari researchers say they first became aware of the group that they would call Exaggerated Lion in April 2019, when the fraudsters targeted one of the security firm's clients, according to the report.

"Once a G Suite account is out of the trial period it is capable of sending 2,000 messages each day, which is more than enough to do some serious damage, especially considering that most BEC actors still manually send out their BEC emails rather than automating the process."

The Agari report says these fraudsters prefer physical checks to wire transfers.

News URL

https://www.inforisktoday.com/bec-group-favors-g-suite-physical-checks-report-a-13755