Business email compromise
Coverage of Business email compromise in the Nexus archive.
- Nigeria: U.S. Indicts Nigerian Over $300,000 Romance, Email Scam
A 45-year-old Nigerian national in Frisco, Texas, Okeoghene Patrick Udugba, has been indicted by a U.S. federal grand jury for involvement in romance and business email compromise schemes. The case involves allegations of orchestrating a $300,000 scam.
- Identity theft losses surge 70% for older Americans
The FBI's 2025 internet crime report reveals a 70% surge in identity theft losses for Americans aged 60 and older, totaling $48.5 million. Older adults face higher losses due to fraud targeting bank accounts, retirement funds, and investments, while other scams like investment fraud and business email compromise caused billions in losses globally.
- FBI: Americans lost a record $21 billion to cybercrime last year
The FBI reported that U.S. victims lost a record $21 billion to cyber-enabled crimes last year. The primary sources of loss include investment scams, business email compromise, tech support fraud, and data breaches.