Members of Nigeria’s largest cybercrime gang arrested
One of the largest Nigerian cybercrime gangs, SilverTerrier, has been busted by the international police support organization, Interpol. In December, 11 members were arrested, Interpol reported Wednesday.
SilverTerrier attacked some 50,000 individuals and companies through business email compromise (BEC). The hacker group is one of the most successful BEC fraudsters. For example, the computers of the 11 suspects already contain more than 800,000 usernames and passwords. All of these credentials could have been used to hack into corporate email accounts.
One of the suspects also turned out to be keeping up with contacts between 16 companies and their customers. In this way, he could deduce how legitimate transactions went, in order to imitate this as well as possible during the fraudulent emails.
Craig Jones, the leader of Interpol’s cybercrime division, said: “Interpol is on the trail of gangs like SilverTerrier. As long as the investigations continue, we will get a very clear picture of how such groups function and what they do for financial gain. We know where and who to focus on now.”
Help from cybersecurity company
Cybersecurity firm Palo Alto Networks helped Interpol track down SilverTerrier. The company has been following all BEC fraud of the Nigerian hacker group for some time and has already identified about 500 members. Links were also found between more than 120 of these members via various social media platforms.
In a blog post shared with Forbes before publication, Palo Alto states that the SilverTerrier investigation was different from normal Interpol investigations. The research did not focus on the obvious money mules or (Instagram)