The saying, no one knows it all was the case between the prolific cybercrime network fraudsters, Silver Terrier, a network known for Business E-mail Compromise, (BEC), with the Nigeria Police, Cybercrime unit and INTERPOL.
The two teams, NPF, and INTERPOL exhibited their intelligence on cybercrime fraudsters, Silver Terrier, through it’s smart strategy identified and arrested the gangs on the 13th to 22nd, December, 2021 during their ten days operation that was simultaneously carried out in the Federal Capital Territory, Abuja, Lagos, and Asaba in Delta.
The Cybercrime unit under the Nigeria Police Force, and INTERPOL, National Central Bureau (NCB), said they were able to achieve this through field operations by an intelligent exchange and analysis phase, where the INTERPOL’s to secure global communication network – i24/7 to work with the Police Force across the globe and helped in the investigation of BEC scams linked to Nigeria.
Police said that initial analysis confirmed that the suspects collective involvement in BEC criminal schemes is associated with more than 50, 000 victims.
The report said that one of the suspects arrested has in his possession more than 800,000 potential victims domains credentials on his laptop, while another suspect had been monitoring conversation between 16 companies and that their client diverts funds to Silver Terrier whenever the companies’ monetary transaction is about to be made.
The Director DACORA (WAPIS) added that this is particularly because it has intensified its onslaught against the threat actors while identifying and analyzing every cyber trace they leave.
He advised that members of the public should protect themselves at a time like this when there are increased threats.
‘Businesses and organizations are reminded to protect themselves from online scams by the following advice featured in INTERPOL’s #JustOneClick, #WashYourcyberHands, #OnlineCrimeIsRealCrime, and #BECarefulcampaigns’, he said.
