U.S. Gov. recovers $2.4 million from business email hack. Hackers stole funds through compromised business emails but were reclaimed by authorities. Cyber criminals are becoming more sophisticated, but efforts to protect individuals and businesses continue. The hack involved two companies, c1 and c2, with c1 being fraudulently convinced to update payment information. The money was frozen after the fraud was discovered, and the sole signatory of the receiving account was tracked down. The person claimed to have no prior business dealings with c1 or c2 and had contracted with a group of individuals met at a Bitcoin conference. The federal government has successfully returned over $11 billion in illegally obtained funds to their rightful owners. Business Email Compromise (BEC) is the main reason for frauds and causes daily losses of $8 million. It is important to verify email recipients through phone or in person to prevent scams. #USGovRecovered #BusinessEmailHack #CyberSecurityNews

https://cybersecuritynews.com/u-s-government-recovers-business-emails-hack/