INTERPOL said it devised a “global stop-payment mechanism” that helped facilitate the largest-ever recovery of funds defrauded in a business email compromise (BEC) scam.
The development comes after an unnamed commodity firm based in Singapore fell victim to a BEC scam in mid-July 2024. It refers to a type of cybercrime where a malicious actor poses as a trusted figure and uses email to INTERPOL said it devised a “global stop-payment mechanism” that helped facilitate the largest-ever recovery of funds defrauded in a business email compromise (BEC) scam.
The development comes after an unnamed commodity firm based in Singapore fell victim to a BEC scam in mid-July 2024. It refers to a type of cybercrime where a malicious actor poses as a trusted figure and uses email to The Hacker News
