CEO Fraud hits B.C. lawyers for $2 million

Two B.C. law firms were targets of so-called social engineering frauds causing almost $2 million in real estate and investment funds to be wired to people other than clients the firms ...

August 7, 2019 Stu Sjouwerman

Pleading Guilty to Business Email Compromise

Amil Hassan Raage has taken a guilty plea to charges of fraud in a business email compromise (aka CEO fraud) case that netted him and his criminal co-conspirators almost three-quarters of ...

August 1, 2019 Stu Sjouwerman

Freight Forwarding Email Scams are Business Killers

The Australian Cyber Security Centre (ACSC) has warned that multiple Australian IT suppliers have permanently closed their doors after falling victim to procurement scams, CRN reports. ...

July 31, 2019 Stu Sjouwerman

CEO Fraud Phishing Scams Versus The U.K. Solicitors

The UK’s Solicitors Regulation Authority (SRA) has warned of another email scam that impersonated a real law firm in order to hijack a real estate transaction, according to Martin Parrin ...

July 25, 2019 Stu Sjouwerman

BEC = “Because it’s Easy Cash” Scammers Trick Employees Into Giving Away Customer Info

Business Email Compromise—also known as CEO Fraud—scammers are now targeting a company's customers using a new indirect attack method designed to collect information on future scam ...

July 18, 2019 Stu Sjouwerman

Whoa Nellie. BEC Scams Average USD 300 Million Per Month In Illegal Transfers

New data compiled by the Financial Crimes Enforcement Network (FinCEN) shows that illegal transactions linked to business email compromise (BEC)—aka CEO Fraud— scams averaged $300 million ...

May 31, 2019 Stu Sjouwerman

Impersonation Phishing Attacks Up 67% in Last 12 Months

Social engineering attacks using impersonation tactics increased by 67% over the past twelve months, according to Mimecast’s annual State of Email Security report. Mimecast surveyed more ...

January 25, 2016 Stu Sjouwerman

Crelan Bank Loses 75.8 Million Dollars In CEO Fraud

The Belgian Crelan Bank was the victim of a 70 million euro (75.8M U.S.) fraud that was launched from another country. They claim this CEO Fraud was discovered during an internal audit ...

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