ICC Falls Prey To Online Scam, Loses Close To 2.5 Million USD: Report

The ICC has allegedly misplaced near USD 2.5 million after turning into a sufferer of cyber crime, in accordance with a report. The incident of phishing, which originated within the USA, occurred final yr, ESPNCricinfo reported. “The route utilized by fraudsters to commit the monetary rip-off was Business E-mail Compromise (BEC), also called e-mail account compromise, which the Federal Bureau of Investigation (FBI) describes as ‘one of the financially damaging on-line crimes’,” the report said. An investigation is underway because the ICC, which isn’t commenting on the matter, reported the incident to regulation enforcement company within the US.

How the rip-off occurred shouldn’t be but identified.

“It shouldn’t be but identified what route precisely the fraudsters took to get the cash transferred from the ICC account – whether or not they had acquired in contact straight with somebody on the head workplace in Dubai, or had focused an ICC vendor or guide.

“It can also be not confirmed whether or not the transaction was completed in a single single cost or there have been a number of wire transfers.” Phishing is an try by cybercriminals posing as authentic establishments, normally through electronic mail, to acquire delicate info from focused people. It is likely one of the most typical scams occurring world wide.

A BEC rip-off is a type of phishing the place corporations and people are tricked and satisfied into making wire transfers.

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

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