Authorities have Uncovered USD 40 Million from Hackers

Singapore authorities have successfully intercepted and reclaimed over USD 40 million defrauded in a sophisticated business email compromise (BEC) scam. The operation, facilitated by INTERPOL’s Global Rapid Intervention of Payments (I-GRIP) mechanism, marks the largest-ever recovery of fraudulently obtained funds in Singapore’s history. The Scam Unveiled On 23 July 2024, a commodity firm based in […]

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