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.
Social engineering is at the heart of this attack, where scammers successfully tricked a town into redirecting not just one but several bank transfers.
New data from cyber insurer Coalition puts the spotlight on not only how much worse attacks are getting, but claim data paints the picture that organizations just aren’t ready.
Over 2.9 Billion email-based threats were detected in the first half of 2021. Business Email Compromise, obfuscation, and living off the land reigned, according to new data from Zix.
Researchers at Intel 471 have observed cybercriminals outsourcing talent for business email compromise (BEC) attacks. This tactic lowers the bar of entry for BEC attacks, which are ...
A new report from Barracuda found that most business email compromise (BEC) attacks are now targeting employees who aren’t in executive or financial roles.
Microsoft has taken legal action to shut down eighteen domains that were being used in business email compromise (BEC) attacks. The sites in question used homoglyphs to impersonate ...
As part of Business Email Compromise attacks, spear phishing now plays a material role, with impersonation sitting firmly at the core of their social engineering tactics… in more ways ...
The “business” of BEC is becoming increasingly more lucrative for cybercriminals, as they develop new ways to defraud individuals and organizations of their money.
Researchers at Bitdefender warn that cybercriminals continue to impersonate Elon Musk in Bitcoin scams. One campaign that started on May 15 involved sending thousands of emails telling ...
Scammers took advantage of people’s desire to order wine online during the pandemic, Decanter reports. Researchers at Recorded Future disclosed in a recent report that wine-related ...
According to Bleeping Computer, Microsoft reported that a large business email compromise (BEC) campaign has targeted dozens of organizations. The industries targeted varied from real ...
According to data released by StockApps, the annual loss from any type of cybercrime in the US reached $4.2 billion in 2020. This turns into billions of dollars lost, and a 55% increase ...
It’s the start of tax season. This is the time of year when we collect our receipts and tax forms and hope for a nice big refund from the U.S. government. Unfortunately, cybercriminals ...
The FBI’s Internet Crime Complaint Center has released their annual report. The 2020 Internet Crime Report includes information from 791,790 complaints of suspected internet crime—an ...
Taxes are unavoidable, and unfortunately, so are the annual tax-related phishing scams. This year, with the COVID-19 pandemic continuing to keep people working from home, cybercriminals ...
The latest tale of an organization falling victim to a business email compromise attack on their credit card processor highlights how very specific the scenario needs to be to see a ...
The latest Data on BEC scams shows how the bad guys are using a mix of gmail accounts, increases in stolen wire transfers, and a shift to payroll diversions to trick you out of your money.
Australian medicinal cannabis company Cann Group has lost $3.6 million in a business email compromise (BEC) attack, Stockhead reports. The company had thought it was paying an unnamed ...
A new report from Barracuda Networks found that business email compromise (BEC) attacks have nearly doubled over the past year. These attacks made up 12% of all spear phishing attacks in ...
A new report from the Identity Theft Research Center discusses which cybersecurity attacks will be most impactful next year as part of the ITRC’s 2021 predictions.
