How US woman lost US$64.5k to phishing scam

Greenwich police in the US have also advised companies and local residents to make significant money transfers only after "face-to-face or verbal confirmation." — Image by katemangostar on Freepik

GREENWICH: Police have a term for it: "Business Email Compromise," or BEC. It is more commonly known as a "phishing scam."

A Greenwich woman was the victim of a such a scam when she responded to an email from an alleged fraudster and wired US$64,461 (RM283,422) to a bank account that was controlled by someone who set up a trail of false identities as part of an alleged criminal enterprise.