Bank of China BEC Fraud Investigation

Business Email Compromise (BEC) is soaring and companies are been affected, BEC is an exploit in which the attacker gains access to a corporate email account and spoofs the owner's identity to defraud the company or its employees, customers or partners of funds. Typically attackers request funds to be transferred to an offshore location typically to Hong Kong. Bank accounts in China and Hong Kong are still the main destination of fraudulent funds, Bank of China HK is identified as one of the key destinations as used by fraudsters. 

Digitpol a global cyber crime investigation agency is providing assistance to affected firms by provide rapid assistance with freezing funds wired to fraudsters accounts and liaison with local authorities to recover the stolen funds.

Business Email Compromise (BEC) is a scam targeting companies who conduct regular wire transfers and have suppliers abroad, typically firms that have business with Asia or with offshore locations are at target. BEC attackers rely heavily on social engineering tactics to trick unsuspecting employees and executives.

Business Email Compromise (BEC) fraud is the intentional deception made for personal gain or to damage another individual through email. Almost as soon as email became widely used, it began to be used as a means to defraud people. Email fraud can take the form of a "con game" or scam. Investigating email fraud reaches to all aspect of cyber crime investigation from recovery of funds transferred to a fraudsters bank account to a forensic examination to determine how fraudsters hacked into email accounts, such as digital forensics. Digitpol's Business Email Compromise Investigation Team are certified computer forensic investigators and fraud examiners and can assist to all cases related to Email Scams and Fraud.

Email fraud, scams, phishing attacks happens in most cases when cyber criminals find ways to hack into the email servers or accounts of small and medium companies, often targeting companies or investors conducting business with Asia countries. Cyber criminals gain access to email accounts and  search through email accounts looking for sensitive information such as outstanding, unpaid invoices or data relating to financial transactions and business between supplier, vendor and clients. When cyber criminals identify a sale or a due invoice, the fraudsters then send various fictitious emails from the hacked email account or an email address replicated to the original purporting to be in charge of the sale or due invoice to be paid, the fraudster is then asking for transfers of funds into a nominated bank account, usually giving an excuse that there is a problem at the bank and an alternative account needs to be used. It is common that the nominated account is in the same name as the company name or with a very slight change such as an extra letter. It is common the bank account to be in the same city as the victim or client.

Business Email Compromise Investigation

Digitpol has seen a rapid rise of Business Email Compromise between a manufacture and a supplier when either is based in an offshore region or Asia, the targeted reason for this is due to the fraudsters ease of opening or using bank accounts in offshore regions and in Asia.

If your company has been targeted by Business Email Compromise and funds have been transferred to a bank account, we can help you, but only if you act fast and if you have the proof. If Digitpol is notified in time, Digitpol will assist to stop the funds from been transferred further and assist with all matters such as reporting the crime to the local Police in the region the funds have been transferred to.

Digitpol's are experts in the investigation of BEC and the process to freeze wired funds in Europe, Hong Kong and Asia. Digitpol will assist with the direct liaison on the ground with the local authorities and the banks.

Email Fraud Investigation

Digitpol's Cyber and Fraud Team are certified fraud and forensic examiners and can deploy to assist with all cases related to email fraud, email spear phishing attacks, email scams and on-line related fraud. Digitpol can deploy forensic examiners to investigate hacking, determine how it took place and report the findings, Digitpol ensures that hackers are not active in your network and ensure your user accounts policies and rules are configured correctly to prevent further attacks.

Are you affected by Business Email Compromise, have fraudulent funds been wired to Bank of China?

If a Business Email Compromise happens to you, you need to respond quickly. BEC fraud can lead to major disruption and financial disasters.

If you encounter or believe that you have been the victim of BEC fraud (i.e. phishing, fraudulent text messages etc.), the first step is to contact the police, if you need additional support, please send an email to info@digitpol.com Be sure to attach any supporting documentation such as copies of suspicious emails, text messages and questionable links/URLs.

Contact Digitpol's hotlines or respond to us online. CONTACT

Digitpol is available 24/7.

Phone: Europe: +31558448040

Phone Hong Kong: +85239733884

Request Assistance