Federal Authorities Announce Coordinated Effort to Disrupt BEC Schemes, Warn Partners of Pervasive Threat
Yesterday, the U.S. Department of Justice (DOJ) announced the culmination of “Operation Wire Wire,” a significant coordinated effort by federal departments and agencies to disrupt Business Email Compromise (BEC) schemes. Operation Wire Wire resulted in 74 arrests in the U.S. and overseas, the seizure of nearly $2.4 million, and the disruption and recovery of approximately $14 million in fraudulent wire transfers. BEC is a sophisticated scam that targets employees with access to company finances.