This intelligence analysis examines a widespread Request for Quote (RFQ) scam that exploits Net financing options to steal high-value electronics and goods. The scammers pose as procurement agents for legitimate companies, using stolen information and lookalike domains to appear credible. They request quotes for specific items and inquire about Net 15/30/45-day financing. Once credit is approved, they provide shipping addresses, often using freight forwarding services or residential addresses. The scammers utilize a network of shipping services, warehouses, and money mules to facilitate their operations. Key characteristics of the scam include urgent financing requests, suspicious delivery addresses, and the use of free email accounts. Mitigation efforts included domain takedowns and intercepting fraudulent shipments. Author: AlienVault
Related Tags:
net financing fraud
electronics theft
business email compromise
rfq scam
T1534
Nigeria
supply chain
T1598
T1078
Associated Indicators:
abecelectrical.com
dvnenergycorp.net
atlanticsdda.com
mexicanbarrier.com
magnetekincs.com
ourmexicanwall.com
magnetekgroup.com
dvnenergycorp.org
honplumbing.com