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.
New data shows users aren’t scrutinizing emails used in business email compromise (BEC) attacks, allowing critical changes in banking details that would impact the victim's organization ...
When it comes to cybersecurity, ransomware is the rockstar of threats. But taking a peek behind the curtain, business email compromise (BEC) causes huge financial losses.
Cloudflare warns that business email compromise (BEC) phishing has assumed a new form: vendor email compromise (VEC). The classic BEC case involves the impersonation of someone within an ...
A business email compromise (BEC) gang has launched more than 350 attacks against organizations in the US, according to researchers at Abnormal Security. The threat actor, which Abnormal ...
The Federal Bureau of Investigation (FBI), the Food and Drug Administration Office of Criminal Investigations (FDA OCI), and the US Department of Agriculture (USDA) have released a joint ...
A sophisticated scammer group has stolen at least €480 million from victims in France, Belgium, and Luxembourg since 2018, according to researchers at Group-IB. The gang uses a highly ...
A criminal gang is launching business email compromise (BEC) attacks by posing as “real attorneys, law firms, and debt recovery services.” The attackers send legitimate-looking invoices ...
A man from Atlanta, Georgia has been convicted of running romance scams and business email compromise attacks that netted him over $9.5 million, the US Justice Department has announced.
Researchers at Abnormal Security have observed an increase in vendor impersonation in business email compromise (BEC) attacks.
A new lawsuit brings to light the all-too common occurrence of an attack, with this occurring during a business acquisition and costing the buyer more than they bargained for.
The FBI last week published a public service announcement updating its warnings about the continuing threat of business email compromise (BEC, also called CEO fraud). The problem has ...
Organizations in the US lost $2.4 billion to business email compromise (BEC) scams (also known as CEO fraud) last year, according to Alan Suderman at Fortune.
New data from the FBI’s Internet Crime Complaint Center (IC3) shows a massive increase in the cost of internet crimes, with phishing and BEC topping the list.
In a new twist on an old scam, BEC attacks switch from email to a virtual meeting where social engineering tactics are used to further establish credibility and increase the likelihood of ...
A business email compromise attack at Illinois’s Office of the Special Deputy Receiver led to a loss of $6.85 million, Ray Long at the Chicago Tribune reports. Long describes the Office ...
BEC scammers set their sights on payoffs in the millions of dollars, and are following the path of their ransomware counterparts by evolving services while organizations struggle to keep ...
A three-person team – including a personal banker at Bank of America – have been indicted for reportedly being behind a BEC scam that took 5 companies for over $1.1 Million.
Surpassing credit card fraud in the U.K., scamming victims into sending money to a fraudulent bank account has taken the lead spot in fraud scams that could cost U.K. residents more than ...
A simple social engineered Business Email Compromise attack resulted in fraud that the cyber insurer contended was not covered under the policy.
Business Email Compromise is a multi-billion dollar business, representing 43% of all cybercrime last year. Despite it being dwarfed in the news by ransomware, it represents a growing ...
