NCSAM post 7: Insider threats, here’s a true story

Hello folks,

Ever think that an insider threat can’t occur? We know by word of mouth that AT&T had a breach that apparently was an insider threat, but now, we’ve got an article that says that there was a definite insider threat.

The article Former TD Bank, Bank of America employee allegedly helped email scammers launder money comes from Cyberscoop.

Three people were involved in this case and it was very well orchestrated.

An accused money launderer allegedly used his position as an employee at Bank of America and TD Bank to aid an email fraud scheme that scammed five businesses out of more than $1 million.

The U.S. Department of Justice announced Thursday that a grand jury had returned an indictment against three men — Onyewuchi Ibeh, Jason Joyner and Mouaaz Elkhebri — charging them with money laundering and aggravated identity theft. The defendants allegedly operated a business email compromise scheme, in which thieves pose as a business or associate in an email then ask a victim to wire up to hundreds of thousands of dollars at a time.

These are the first two paragraphs. Lots of links and even a link to their many articles tagged BEC which this could definitely qualify as BEC with all of the money taken.

There are plenty of linked content here as well as plenty more on the case. Feel free to check this one out.