Threat Management Interpol’s I-GRIP mechanism intercepts millions in fraud attempts July 31, 2026 Share By SC Staff Interpol's Global Rapid Intervention of Payments (I-GRIP) mechanism has successfully halted a $6.6 million payoff from a business email compromise scam, as reported by Dark Reading. This operation, part of a larger global effort, also saw over 31,000 bank accounts linked to fraud blocked. The I-GRIP initiative connects law enforcement agencies across 196 countries with financial institutions to expedite the process of stopping fraudulent money transfers. This rapid response capability is crucial, as cybercrime losses have surged, with Southeast Asian criminal organizations alone causing an estimated $100 billion in damages in 2025. The I-GRIP system aims to improve interception rates by enabling faster information sharing between National Central Bureaus and financial firms, allowing for the blocking of illicit asset transfers before they cross borders. For instance, a coordinated action between Singapore and Timor Leste in August 2024 resulted in the interception of $40 million in funds. While cryptocurrencies present unique challenges due to their speed and global reach, blockchain's transparency offers investigators a traceable record. Interpol is working to extend fraud alert capabilities to virtual asset service providers, mirroring the speed of alerts to traditional banks. Source: Dark Reading SC Staff Related Threat Management Amazon attributes axios, debug, chalk NPM attacks to DPRK’s Sapphire Sleet Laura French July 31, 2026 Amazon linked the campaigns through overlapping C2 indicators, TTPs and code. Threat Intelligence Silver Fox group uses new drivers in BYOVD attacks against Japanese manufacturer SC Staff July 30, 2026 The attack chain begins with a phishing lure disguised as an invoice, utilizing attacker-controlled content hosted on legitimate QQ and Tencent Cloud services. Threat Intelligence Southeast Asia’s cyber-fraud industry expands globally, costing billions SC Staff July 30, 2026 The UNODC reports that the failure of law enforcement to keep pace with criminal innovations has led to estimated costs of $88 billion to $114 billion for the region in 2025. Related Events Cybercast Better Threat Intelligence Between Public and Private Sectors On-Demand Event Cybercast RSAC Preview: Exposure management takes center stage On-Demand Event Virtual Conference Nationwide Cybersecurity Summit 2025: Safeguarding America’s Digital Future On-Demand Event Get daily email updates SC Media's daily must-read of the most current and pressing daily news Business Email By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy . Subscribe Related Terms Backdoor Botnet Corruption Covert Channels Darknet Deauthentication Attack Deepfake Defacement Domain Hijacking DumpSec You can skip this ad in 5 seconds