"Staggering" Increase in Business Email Compromise--aka CEO Fraud

Mimecast’s quarterly Email Security Risk Assessment (ESRA) identified millions of dangerous emails making it through security filters, including a 269% increase in business email ...

October 10, 2019 Stu Sjouwerman

Fake News and Deepfakes: Harmless Fun or the Future of Fraud?

We have all seen them. Fake news articles that get passed off as legit sources. Misleading memes. Entertaining videos that swap people’s faces. But what if these deception techniques were ...

September 19, 2019 Stu Sjouwerman

CEO Fraud Attacks Now Use Deepfake Audio and AI to Mimic Executives Over the Phone

While deepfake video gets most of the attention on social media, it’s deepfake audio that is quickly becoming the cybercriminal’s tools of choice for committing fraud.

September 16, 2019 Stu Sjouwerman

How Can You Check If Your Email Is Compromised?

Rudy Friederich, a KnowBe4 friend at Marshal Security LLC sent me the following interesting tips related to finding out if you are the victim of Business Email Compromise. He wrote:

September 12, 2019 Stu Sjouwerman

FBI Cyber Warning: Attacks On Key Employees Up 100%, As 281 Are Arrested

Zak Doffman, contributor at Forbes reported: "There is a cyberattack epidemic hitting businesses around the world, targeting individuals responsible for requesting fund transfers or ...

September 10, 2019 Stu Sjouwerman

The FBI Updates Their Numbers And BEC Is Now A 26 Billion Dollar Scam

FBI's Internet Crime Complaint Center (IC3) says that Business Email Compromise (BEC) scams —aka CEO Fraud—are continuing to grow every year, with a 100% increase in the identified global ...

September 3, 2019 Stu Sjouwerman

CEO Fraud Overtakes Ransomware And Data Breaches In EMEA Cyber-insurance Claims

CEO Fraud—also known as Business Email Compromise—related cyber-insurance claims accounted for nearly a quarter of all claims in the EMEA region, AIG said.

August 20, 2019 Stu Sjouwerman

Gift Cards Are Now the #1 Business Email Compromise Cash-Out Mechanism for Fraudsters

Overtaking wire transfers and payroll diversion, gift cards have taken a material lead as one of the easiest and least recoverable ways to cash out of a fraud scam.

August 19, 2019 Stu Sjouwerman

Blank Emails Come Before BEC Fraud Attack

Business email compromise (or CEO fraud) has its reconnaissance phase, too. Researchers at Agari say they’ve found that blank, unsolicited emails are often an early sign that a BEC gang ...

August 9, 2019 Stu Sjouwerman

Business Email Compromise Doubles in Incidents and Triples in Cost

The latest data from the U.S. government’s Financial Crimes Enforcement Network (FinCEN) shows fraud via business email is changing tactics and becoming more effective.

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