KnowBe4

Security Awareness Training Blog

CEO Fraud Blog

News about the latest CEO fraud attacks. See how the bad guys actually do this and how much money companies lose to this type of scam.

View Topics

Finally, The Criminals Pay in CEO Fraud Scam

Jun 14, 2018 4:08:45 PM By Stu Sjouwerman
Some good news finally. It seems that the bad guys do get caught sometimes. In this case, 70 cybercriminals in the U.S. and Nigeria.
Continue Reading

Surprise! What's The Country Where All The CEO Fraud Gangs Are?

May 24, 2018 5:05:53 PM By Stu Sjouwerman
A new study by Agari concludes that, despite all the attention nation-state espionage services have been getting for their phishing attacks, the big threat still comes from criminal gangs.
Continue Reading

The Class Action Litigation Consequences of Business Email Compromise Attacks

Feb 23, 2018 11:41:45 AM By Stu Sjouwerman
Sunil Shenoi, Seth Traxler and Gianni Cutri are partners at Kirkland & Ellis LLP and advise clients on a variety of data security issues, including responding to data security incidents, ...
Continue Reading

CEO Fraud Costs Major Airline Millions Of Dollars

Dec 23, 2017 1:51:51 PM By Stu Sjouwerman
This week the international carrier Japan Airlines (JAL) admitted it had fallen victim to CEO Fraud that cost it 384 million yen (about $3.39 million). The incidents took place in ...
Continue Reading

​Trend Micro: CEOs Are The Most Spoofed

Sep 12, 2017 4:36:03 PM By Stu Sjouwerman
Trend Micro researchers reported that  cybercriminals spoofed the CEO email address the most, with CFOs and finance directors being the top attack targets. In their 2017 Midyear Security ...
Continue Reading

MacEwan University Victim Of $11.8M CEO Fraud

Sep 1, 2017 1:53:43 PM By Stu Sjouwerman
CBC News reported that an Edmonton, Canada university was the victim of a $11.8 million CEO fraud attack after staff failed to call one of its vendors to verify whether emails requesting ...
Continue Reading

Nigerian Phishers Have Gone to School and Gotten Their CEO Fraud Diploma

Aug 29, 2017 5:45:48 PM By Stu Sjouwerman
The FBI calls CEO Fraud "Business Email Compromise" (BEC) and it has become a highly lucrative threat vector for attackers. According to IC3, the FBI's Internet Crime Complaint Center, ...
Continue Reading

The RopeMaker Exploit Can CHANGE An Already Delivered Email

Aug 25, 2017 5:55:44 PM By Stu Sjouwerman
Our friends at Mimecast are warning against something scary! This is a sobering example of why scanners and filters will always be behind in the security arms race... They wrote: "Most ...
Continue Reading

CEO Fraud Attacks Were Far More Lucrative than Ransomware over the Past 3 Years

Jul 22, 2017 10:07:43 AM By Stu Sjouwerman
Cisco's midyear report released this week showed that CEO Fraud netted cybercrime five times more money than ransomware over the last three years. The surprising highlight of Cisco's ...
Continue Reading

FBI: "Extortion And CEO Fraud Are The Top Online Fraud Complaints"

Jun 24, 2017 11:01:30 AM By Stu Sjouwerman
And victims aren't reporting ransomware attacks... Online extortion, tech support scams and phishing attacks that spoof the boss (CEO Fraud) were among the most damaging and expensive ...
Continue Reading
Subscribe

Search Our Blog

Ransomware Hostage Rescue Manual

Subscribe To Our Blog

Posts By Topic

View all

Get the latest about social engineering

Subscribe to CyberheistNews