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April 10, 2019 Stu Sjouwerman

Ottawa City Treasurer sends $128,000 to fraudsters in email phishing scam

The treasurer of the city of Ottawa, Marian Simulik, fell for a business email compromise (BEC) scam and sent $100,000 to a scammer, the city’s auditor general revealed this week. Simulik ...

March 20, 2019 Stu Sjouwerman

BEC Scammers Stole $170,000 From Two Defense Contractors and a University

Two defense contractors and a university lost approximately $170,000 from business email compromise (BEC) scams last year, according to an FBI advisory obtained by CyberScoop. The ...

March 5, 2019 Stu Sjouwerman

Ins and Outs of Impersonation...and Kidnapping

Impersonation attacks and business email compromise (aka CEO fraud) can lead to far more dangerous consequences than monetary losses, according to Matt Devost from OODA LLC. Devost ...

February 28, 2019 Stu Sjouwerman

Friday Afternoon, Monday Morning, and Law Firm Risk

Law firm employees appear to be getting better at avoiding real estate scams, says Toni Ryder-McMullin at Today’s Conveyancer. Conveyance is the act of transferring an ownership interest ...

February 14, 2019 Stu Sjouwerman

Business Email Compromise, Credential Theft, and Many Other Attack Vectors Surged as High as 5x in Q4 2018

The latest data from Proofpoint shows many types of cyberattacks making massive jumps in comparison to both previous quarters and years.

February 12, 2019 Stu Sjouwerman

Company Sues Employee After She Falls For USD 250K CEO Fraud Scam

A woman is being sued for sending approx. 250K of her employer's cash to an online fraudster. Patricia Reilly, who was working for the UK Peebles Media Group fell for a CEO Fraud Scam ...

February 11, 2019 Stu Sjouwerman

Another Home Buyer Falls Victim to a Business Email Compromise Scam

A man in Portland, Oregon lost $123,000 after falling victim to a real-estate scam, according to Michele Lerner at The Washington Post. In December, Aaron Cole and his family were about ...

January 29, 2019 Stu Sjouwerman

Scam Of The Week: CEO Fraud bad guys are now bribing your users

Today saw the arrival of yet another interesting variant of the gift card phishing campaigns that have grown into a deluge over the past few months (see below). Today's email demonstrates ...

January 22, 2019 Stu Sjouwerman

Criminals Make Off With USD $150,000 in Business Email Compromise Real Estate Scam

Scammers stole $150,000 from a woman during a real estate transaction last year, according to Lisa Vaas at Naked Security. Mireille Appert, a Swiss woman who lives in the United States, ...

January 22, 2019 Stu Sjouwerman

Chinese Hackers Take Phishing and CEO Fraud to Another Level Raking in $18.6 Million

A talented group of Fraudsters used phishing, social engineering, and pure chutzpah to convince the India arm of Italian engineering company Tecnimont to part with millions of dollars.

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