2,000 arrests in crackdown on social engineering and business email scams
Interpol has announced a major crackdown on social engineering campaigns that led to the arrest of 2,000 individuals. Interpol stated that the raid occurred over the span of two months at 1,700 different locations. In addition to the arrests, Interpol obtained $50 million in fraudulently gained proceeds. The individuals arrested were described by the international police organization as money launderers, fraudsters, and operators involved in social engineering and business email compromise attacks. The BEC scams have resulted in losses of roughly $2.4 billion to US victims, the FBI says.