London Blue breaks the first rule of email scams
Photo: Jaap Arriens/NurPhoto via Getty
Don't try to pull an email scam on a company that specializes in detecting email scams.
Driving the news: Agari is reporting it discovered that a fraud group they've nicknamed "London Blue" attempted to trick its chief financial officer into a fraudulent transfer of $22,650 using a fake email that looked as if it was from the CEO.
Details: London Blue is a Nigerian group with collaborators in Western Europe and the U.S.
- Agari is particularly aggressive in tracking these groups and has discovered that London Blue compiled a potential target list of 50,000 executives.
It's funny, to a point: It's a little goofy that scammers tried to beat Agari. But business email compromise (BEC) scams are (usually) no laughing matter. The FBI estimates BEC is a $12 billion global industry.