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.
The case of Arrow Truck Sales Inc. v. Top Quality Truck & Equipment tells a familiar tale, but provides insight into how the law interprets cases and who’s at fault.
The Federal Bureau Investigation is issuing warnings to US companies that are taking advantage of email auto-forwarding. If successful, this would fall right into the trap of a business ...
ZDNet's Zero Day column just reported one of the best reasons why you should step your users through new-school security awareness training yet:
Business Email Compromise appears to be back in the saddle again, as attackers use simple social engineering and domain impersonation to trick victims into paying up.
New data from U.K. cyberinsurer Beazley highlights the growing trend of mid-market organizations being the target of social engineering attacks and fraud.
Researchers at Agari have released a report on the global distribution of business email compromise (BEC) actors, and determined that 25% of these criminals are operating from within the ...
New insight from Accenture Security highlights specific ways attackers are changing their tactics to make Microsoft’s email platform a tool rather than an obstacle for phishing attacks.
A company in the US lost $15 million in a two-month-long business email compromise scam, BleepingComputer reports. Researchers at Mitiga who investigated the attack told BleepingComputer ...
Nothing says the bad guys are intent on stealing credentials like testing them while you participate in their phishing attack so they can verify the validity before letting you off the ...
With reported losses from thousands of dollars to well over $1 million, funds transfer fraud represents 27% of cyber insurance claims in 2020.
Involved in 60% of cybersecurity insurance claims, Business Email Compromise (BEC) is growing in interest by cybercriminals as the initial malicious action as part of a larger attack.
Business email compromise attacks—aka CEO Fraud— have taken shape this year, and according to Agari wire transfer losses have significantly increased by 48% in Q2 2020. The average losses ...
A new phishing attack spotted in the wild by security researchers at Trend Micro demonstrates how compromised data in an initial cyberattack is purposed in subsequent attacks.
Cybercriminals frequently use email accounts from legitimate services like Gmail to carry out business email compromise (BEC) attacks, Help Net Security reports. Researchers at Barracuda ...
The UK’s National Cyber Security Centre (NCSC) released a new report revealing that sports organizations are more than twice as likely to suffer a cyberattack than organizations in other ...
As attacks on the C-Suite decline, new data shows that employees in finance department roles are critical to the success of shifts in attack campaign strategy.
Business email compromise (BEC) attacks aren’t new, but they’re growing increasingly effective, according to Zeljka Zorz at Help Net Security. Zorz cites an article from BakerHostetler, ...
Business email compromise (BEC) attacks are particularly insidious because they don’t use malware payloads or malicious URLs. That’s a reminder from Evan Reiser, CEO and co-founder of ...
Funds transfer fraud, also known as business email compromise (BEC), is a much more widespread problem than it seems, according to lawyers at Ice Miller LLP. The attorneys believe this ...
The FBI’s Internet Crime Complaint Center (IC3) published an alert warning that criminals are exploiting cloud-based email services to carry out business email compromise (BEC) attacks. ...
