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February 28, 2023 Stu Sjouwerman

Business Email Compromise Gang Gets Jail Time for Stealing Millions

An international cybercriminal operation responsible for millions of dollars in business email compromise (BEC) scams has finally been dismantled.

February 23, 2023 Stu Sjouwerman

28% of Users Open BEC Emails as BEC Attack Volume Skyrockets by 178%

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 ...

February 21, 2023 Javvad Malik

Do Not Let Ransomware Steal the Show – Business Email Compromise Is the Biggest Threat You Must Prepare For!

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.

February 21, 2023 Stu Sjouwerman

A Special Case of Business Email Compromise

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 ...

February 2, 2023 Stu Sjouwerman

BEC Group Launches Hundreds of Campaigns

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 ...

December 20, 2022 Stu Sjouwerman

Now BEC Attacks Steal Physical Goods

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 ...

December 8, 2022 Stu Sjouwerman

Scammer Group Uses Business Email Compromise to Impersonate European Investment Portals

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 ...

November 7, 2022 Stu Sjouwerman

New Business Email Compromise Gang Impersonates Lawyers

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 ...

October 6, 2022 Stu Sjouwerman

Cybercriminal Gets 25 Years Prison Time Over Romance Scams and Business Email Compromise Attacks

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.

June 23, 2022 Stu Sjouwerman

Vendor Impersonation Competing with CEO Fraud

Researchers at Abnormal Security have observed an increase in vendor impersonation in business email compromise (BEC) attacks.

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