Tag: what is Business email compromise

[ad_1] In a horrifying phishing scam, the International Cricket Council (ICC) has lost around Rs. 20 crore. The International Cricket Council (ICC) has been hit by an phishing scam! The apex international cricketing body which overlooks and administers cricket across the world lost a whopping amount of money - around US $2.5 million which roughly translates to Rs. 20 crore, ESPNcricinfo reports. However, the exact amount of loss in this online scam has not been revealed, but the report confirms that the scam wasv initiated in the USA in 2022. Scammers used Business Email Compromise (BEC) technique to transfer the amount from ICC. It is also known as email account compromise scam. The Federal Bureau of Investigation (FBI) mentions it as "one of the most financially damaging online crim...