site.btaCompanies Alert Cybercrime Unit of Financial Fraud every 4 Days after 'Switched IBAN' – DGCOC Director

Bistra Roushkova

DGCOC Director Yavor Serafimov (third from left) speaking at the E(I)mpact on Cybercrime international conference in Sofia (BTA Photo)

Sofia,

11.09.2023 10:57

(BTA)

Every four days we have a report from companies of financial fraud after inter-company correspondence has been compromised, the so-called 'switched IBAN'. In June, a company was defrauded of USD 6.5 million, General Directorate Combating Organized Crime (DGCOC) Director Yavor Serafimov said, speaking at the E(I)mpact on Cybercrime international conference in Sofia.

Representatives from 30 countries are attending the event to discuss challenges and share experiences on threats in the context of EMPACT 2022+ priorities related to cybercrime - cyber-attacks, online child sexual exploitation, online financial fraud, internet-based intellectual property crime.

Tackling cybercrime is one of the priority objectives of EU policies. The Bulgarian government is consistently taking measures to effectively counter this type of crime, said Deputy Interior Minister Stoyan Temelakiev.

/RY/