Trend Micro Aids In Cybercrime Arrest By INTERPOL

Dallas-based Trend Micro says that it has assisted INTERPOL in the arrest of a Nigerian cyber criminal, saying this morning that it worked with the international police agency to arrest the head of a criminal network, suspected in $60M in fraud. Trend Micro said the head of the criminal network is believed to have led a 40-person network which provided malware and conducted attacks on users, stealing more than $60 million through business email compromise (BEC) scams and CEO fraud. BEC scams are the growing category of scams where employees or accountants appear to receive urgent emails from the "CEO" for wire money transfers, usually to mysterious accounts in China.