Security News > 2020 > November > Three Nigerians Arrested for Cybercrime Operation Targeting 150 Countries
Three Nigerian nationals have been arrested in Lagos for their suspected involvement in Business Email Compromise scams.
The three - identified only as OC, 32, IO, 34, and OI, 35 - are believed to be part of a larger organized crime group called TMT, which has been involved in malware distribution, phishing, and extensive BEC fraud.
Since 2017, the TMT group is believed to have targeted government and private sector companies in over 150 countries.
Data extracted from devices pertaining to the three arrested members has helped identify approximately 50,000 victims.
The three were arrested as part of Operation Falcon, a year-long investigation conducted by Interpol and Singapore-based security firm Group-IB, with assistance from the Nigerian police.