Banyeres company loses €83,000 in CEO scam
By Shelley Liddell GUARDIA Civil have solved a cyberfraud that has cost a Banyeres de Mariola business more than €83,000.
During the Guardia Civil operation, the two ring leaders were arrested in Alcorcón and Aranjuez, while another two, who received the money transfers, were arrested in Valencia and El Álamo (Madrid),
The investigation was carried out by the Guardia Civil's Technological Investigation Unit (EDITE) based in Alicante, after they received complaints from a Bañyeres company stating they had been scammed.
The method used to defraud the company is known as the 'Chief Executive Officer (CEO) Fraud', which is an email scam in which the fraudsters hack the company's computer network to obtain confidential information about its clients, and to obtain email addresses of employees.
Once this is done they then send an email, which looks like it’s from the boss, to an employee at the company.
The employee will receive an email from his boss asking to deposit an amount of money into a certain account that looks like it belongs to one of their clients. Of course, this is done as the employee does not suspect that something is up.
The accounts used are never in the names of the hacker, and belong to a third person who obtains a small commission for the use of their accounts
Officers initiated their investigations looking into the accounts where the money was deposited, which led them to a 38-year-old Colombian resident in Valencia and a 52-year-old Spanish woman residing in El Álamo.
These two people had originally been approached by the hackers in a bar, and later on at a gestoria. Both were arrested and accused of fraud and they revealed the hackers' identities, saying that two men had convinced them to open bank accounts as they had problems with Hacienda and needed the accounts to receive social aid.
The money was removed from the account almost as soon as it was deposited there and then handed over in person to the hackers, who turned out to be two Nigerians aged 42 and 52.
The total amount obtained with the CEO Fraud came to €83,690. A RACE is on between Dénia and the regional government to gather up enough sand to repair Les Deveses beach before further storms wreck it again.
The section of coast, which is geographically in El Verger but owned by Dénia, has been all but swallowed up in the last few downpours and, earlier this year, seafront homeowners suffered substantial damage.
Refilling the beach with tons of sand is a regular exercise in throwing good money after bad, but this quick fix is the only solution for one of the Marina Alta's most eroded coasts.
Between both authorities, desperate measures are needed to find enough sand – these include digging in Las Marinas seafront plots due to be built upon.
This will involve seeking permission from owners and digging down below the surface.
As a last resort, they may have to excavate deep into the sea bed some miles off the coast, which will require a full environmental study to ensure marine flora and fauna is not harmed.
Central government says it does not have enough money to help.