Australian law authorities have arrested four hackers who stole $1.7M in a series of Business Email Compromise attacks.
These cyberattacks occurred in 2020.
According to Australian law authorities, this group conducted different hacking campaigns, such as:
- BEC attacks,
- Facebook Marketplace scams,
- investment scams, etc.
- The group stole amounts ranging from $2,500 up to $500,000.The stolen money was then laundered through 180 bank accounts.
- A large number of these bank accounts were in South Africa.
- The threat actor managed to launder around $1.1M.
- The four individuals were arrested in the cities of Melbourne, Brisbane, and Adelaide.
In 2022, Australian businesses lost over $98M from Business Email Compromise cyberattacks.
