The FBI announced 74 arrests on Monday, as part of a global law enforcement operation aimed at disrupting international business e-mail compromise schemes that are designed to intercept and hijack wire transfers.

The Federal Bureau of Investigation said that "Operation WireWire" involved a six-month sweep and multiple law enforcement agencies, including the Department of Homeland Security, the Department of the Treasury and the US Postal Inspection Service.

Of the 74 arrests, 42 were in the United States, the FBI said.

More soon.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.