A cyber cafe is seen beside a bank automated machine in the Ogba district in Nigeria's commercial capital Lagos, Nigeria May 3, 2018. REUTERS/Akintunde Akinleye
ABUJA: West Africa's infamous Internet scammers have evolved, dropping their impersonations of online love interests, princes and US soldiers in favour of hijacking corporate e-mails, costing businesses hundreds of millions of dollars a year.
It is a much more lucrative venture that works by gaining access to corporate e-mail login details or passing off almost-identical addresses as the real deal, a scam known as Business E-mail Compromise (BEC), according to a report by cybersecurity firm CrowdStrike issued on May 3.
