Accounts deceivable: Email scam costliest type of cybercrime
ABC News
Business Email Compromise scams are a type of crime where criminals hack into email accounts, pretend to be someone they’re not and fool victims into sending money to unintended places
RICHMOND, Va. -- A shopping spree in Beverly Hills, a luxury vacation in Mexico, a bank account that jumped from $299.77 to $1.4 million overnight.
From the outside, it looked like Moe and Kateryna Abourched had won the lottery.
But this big payday didn't come from lucky numbers. Rather, a public school district in Michigan was tricked into wiring its monthly health insurance payment to the bank account of a California nail salon the Abourcheds owned, according to a search warrant application filed by a Secret Service agent in federal court.
The district — and taxpayers — fell victim to an online scam called Business Email Compromise, or BEC for short, police say. The couple deny any wrongdoing and have not been charged with any crimes.
