Incident: Sydney hospital loses $2m to alleged BEC fraud | iTnews
Australian Business Email Compromise BEC, 7 Nov 2024
Sydney hospital loses $2m to alleged BEC fraud
A business email compromise (BEC) scam that cost a Sydney hospital $2 million has led to the man behind it being charged.
Source: Sydney hospital loses $2m to alleged BEC fraud | iTNews
View more incidents relating to the Medical and Health Care sector and incidents relating from New South Wales.
BEC is a form of scam in which a scammer tricks a victim through email into transferring funds or handing over information by acting as a business with a bill or a close friend or trusted individual.
The 49-year-old man’s home in Yagoona, western Sydney, was raided yesterday following multiple alleged instances of BEC fraud targeting the hospital in Burwood in September.
He was charged with recklessly dealing with proceeds of crime more than $5000 and refused bail.
The NSW state crime command’s cyber crime group began investigating the BEC scheme as part of the newly established Strike Force Millbon.
NSW Police declined to reveal the full name of the hospital.
