ICC victims of online scam, loses nearly US$ 2.5 million: report | cricket news

According to a report, the ICC has allegedly lost around USD 2.5 million after falling victim to cyber crime. The phishing incident, which originated in the United States, happened last year, ESPNcricinfo reported. “The route used by fraudsters to commit financial fraud was Business E-mail Compromise (BEC), also known as E-mail Account Compromise, which the Federal Bureau of Investigation (FBI) describes as ‘one of the most financially damaging forms of online crime,'” the report said. An investigation is underway as the ICC, which is not commenting on the matter, has reported the incident to US law enforcement agencies

It is not yet known how the scam took place.

“It is not yet known which exact route the fraudsters took to transfer the money from the ICC account – whether they directly contacted someone at the Dubai head office or targeted an ICC vendor or consultant.

“It is also not certain whether the transaction was made in a single payment or multiple wire transfers.” Phishing is an attempt by cybercriminals to impersonate legitimate organizations, usually via email, to obtain sensitive information from targeted individuals. This is one of the most common scams happening around the world.

A BEC scam is a form of phishing where companies and individuals are tricked into making wire transfers.

(This story has not been edited by NDTV staff and is generated automatically from a syndicated feed.)

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