Security News > 2022 > January > Interpol arrests 11 BEC gang members linked to 50,000 targets
In coordination with the Nigerian Police Force, Interpol has arrested 11 individuals suspected of participating in an international BEC ring.
BEC is a type of attack conducted via email involving the spear-phishing of certain company employees responsible for approving payments to contractors, suppliers, etc.
According to the forensic investigation and the evidence collected so far, Interpol believes that at least some of the arrested individuals belong to the BEC gang known as TMT. This is the second blow for the particular group after Interpol arrested more of their members in the context of 'Falcon I' back in 2020.
"This preliminary analysis indicates that the suspects' collective involvement in BEC criminal schemes may be associated with more than 50,000 targets," details Interpol's announcement.
BEC scammers cannot siphon funds in the form of untraceable cryptocurrencies, so the only way for them to hide is by moving the stolen amounts around, attempting to obscure the money trace.
The international collaboration and information exchange between law enforcement and intelligence agencies worldwide make it increasingly challenging for BEC actors to remain hidden.