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.
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 ...
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 ...
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 ...
The latest data from Proofpoint shows many types of cyberattacks making massive jumps in comparison to both previous quarters and years.
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 ...
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 ...
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 ...
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, ...
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.
A former broker for Charles Schwab & Co.was fined $5,000 and suspended for 90 days by Finra for lying to Schwab about a CEO Fraud attack in which he wired nearly $800,000 to someone ...
Months after a classic fraud scam took Galveston County for $525,000, County Judge Mark Henry is now asking for the County Auditor and Purchasing Agent to resign.
The real estate industry is a particularly attractive target for BEC (Business Email Compromise—also known as CEO Fraud—attacks, according to FBI spokesman David Fitz. Fitz told The ...
The case of how the FBI turned the tables on cybercriminals using the very same tactics demonstrates how powerful the art of social engineering and deception can get a victim to act.
Criminals are using the California wildfires as a social engineering tactic to manipulate people into buying gift cards supposedly intended for victims of the disaster, according to James ...
The bank isn’t always responsible for making you whole after a business email compromise. Indiana’s Lake Ridge Schools lost more than $120,000 from a seven-million-dollar construction ...
A crafty mix of social engineering, great timing, and context act as the perfect ingredients to trick unwitting users into buying gift cards and placing them into the hands of the ...
I found a great article in SecurityWeek by Alastair Paterson, the CEO of Digital Shadows. Could not have said it better myself, and he alerted everyone about an attack vector that was ...
Max Mitchell at Law.com has an interesting and rather painful story. Don't let this happen to your organization.
Two top-level executives of movie chain Pathé—the Managing Director and the CFO—were fired recently, after it became clear that they fell for a massive CEO Fraud attack that could have ...
Reuters just made me aware of a U.S. Securities and Exchange Commission report about a recent SEC investigation of nine companies that had been victims of CEO fraud had sufficient ...
