The SecureWorks Threat Intelligence Spotlight Series Part 2: An Exposé of a West African Fraud Syndicate
Speaker: Lee Lawson, Senior Researcher
Duration: 24 minutes
"Nigerian prince" and "419" scams have plagued victims for decades and transitioned to the Internet in the 1990s.
There are many variations and names for these scams, which originated in Nigeria. The scammers refer to their trade using the terms "yahoo yahoo" or "G-work," calling themselves "yahoo-yahoo boys," "yahoo boiz," or "G-boys." However, the simple con man fraud practiced by many West African-based threat actors is being replaced by a new crime they refer to as "wire-wire," "waya-waya," or "the new G-work."
In this short 25-minute on-demand webcast, Lee Lawson, Senior Researcher with the SecureWorks Counter Threat Unit™ (CTU), explains how these actors operate differently to other cybercriminals and why it is essential to understand how they conduct their schemes. CTU research indicates that the low-level con games these threat actors are typically known for have evolved into more sophisticated and conventional cybercrime that is compromising businesses around the world.
If you find this content useful, you can gain a deeper understanding of the threats organisations across the globe are currently facing by watching part three in our series: Skeleton Key Malware Bypasses Active Directory.