Last Update: January 20, 2023, 22:38 IST
ICC Headquarters in Dubai (File photo)
The global cricketing body has lost around USD 2.5 million which was wire transferred. While the exact amount is yet to be known, reports say the scam started last year in the United States
The meteoric rise of digitization around the world has also seen a huge increase in the rate of cybercrime. Cheating people through digital mode has become a common thing these days. Adding to the list of victims, International Cricket Parishad is the newest name.
According to a report in ESPNcricinfo, the global cricketing body has lost around USD 2.5 million which was wire transferred. Although the exact amount is yet to be known, the report states that the scam started last year in the United States. However, the ICC has not spoken officially as the incident has been reported to US law enforcement agencies and an investigation is underway.
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The actual modus operandi of the scam is also not yet known. Did the fraudsters contact or consult someone within the Council to transfer funds directly from the ICC account. Also, there is no information whether it was a single transaction or the money was transferred multiple times.
What is BEC scam?
According to the report, the BEC scam is a form of online phishing that tricks companies or individuals into making wire transfers. In a report submitted by the FBI to the US government, it was stated that the country’s Internet Crime Control Center had received BEC-related claims of more than $2.4 billion in 2021.
“The scam has progressed from spoof e-mails to impersonation of vendor e-mails, requesting wire payments from CEOs to fraudulent locations; fake attorney e-mail accounts; diversion of payroll funds; targeting the real estate sector; and fraudulent requests for large amounts of gift cards,” the FBI report said.
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