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Police Recover Over $40m Headed to BEC Scammers

A Singaporean commodity firm has had a narrow escape after police managed to intervene to recover nearly all of the $42.3m lost to fraudsters in a business email compromise (BEC) scam.

Chameleon Android Banking Trojan Targets Users Through Fake CRM App

Cybersecurity researchers have lifted the lid on a new technique adopted by threat actors behind the Chameleon Android banking trojan targeting users in Canada by masquerading as a Customer Relationship Management (CRM) app. "Chameleon was seen masquerading as a CRM...

INTERPOL Recovers $41 Million in Largest Ever BEC Scam in Singapore

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...

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