‘London Blue’ Fraud Group Targets Financial Services Industry

The group is carrying out targeted financial scams on a large scale, with a hit list of 35,000 chief financial officers in the UK, the US and elsewhere

A hacking group called “London Blue” has gathered a list of some 35,000 chief financial officers,  some of whom work for the world’s largest financial services firms, as part of an aggressive string of “business email compromise” (BEC) attack campaigns.

The scam, which involves rushing a chief financial officer into making a large transfer to an unknown account, has cost more than 78,000 companies more than $12 billion (£9bn) over the past three years, the FBI said in July.

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Source: Silicon UK