Online criminals are using commercial data providers to target company executives — mostly chief financial officers — for email-based fraud, according to a new report by an email security firm.
Agari published the report, into a British-Nigerian gang known as London Blue, on Tuesday. London Blue apparently started with Craigslist scams before graduating to more sophisticated crimes, in particular, the attack known as business email compromise (BEC) or CEO fraud.
This involves sending emails to executives that purport to come from executives at other companies, typically suppliers.