Breaking News

U.S. Sanctions 6 Nigerian Cyber Criminals For Stealing $6m From US Businesses And Individuals

U.S. Sanctions 6 Nigerian Cyber Criminals For Stealing $6m From US Businesses And Individuals

The Department of the Treasury Office of Foreign Assets Control (OFAC) in collaboration with the U.S. Department of Justice, on Tuesday the 16th of June, 2020 revealed that it has taken actions against the 6 Nigerians who allegedly conducted an elaborate scheme to steal the sum of over 6million USD from vulnerable business victims across the United States.

The individuals according to reports have targeted US businesses and individuals in the US through deceptive global threats which is known as Business Email Compromise (BEC) and romance fraud. 

According to the reports also  some US citizens have lost over 6million USD to these individuals BEC fraud schemes, where they impersonate business executives and request for money transfers from legitimate business accounts. 

 Another means which they stole money from vulnerable US citizens is through romance fraud, where they disguise themselves as lovers in order to gain the trust of the victims.
The statement which was released reads:
"Today, in coordination with the U.S. Department of Justice, the Department of the Treasury’s Office of Foreign Assets Control took action against six Nigerian nationals, pursuant to Executive Order 13694 as amended, for conducting an elaborate online scheme to steal more than $6 million from victims across the United States.""The six individuals designated today manipulated their victims to gain access to their sensitive information and financial resources.  The U.S. will not tolerate such gross misuse of technology.""The United States will use all of the tools at our disposal to defend the American people and businesses from malign actors that seek to target them, including cyber-enabled actors who prey on vulnerable Americans and businesses."


No comments