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April 8, 2020 Stu Sjouwerman

Cloud-based Business Email Compromise

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. ...

March 3, 2020 Stu Sjouwerman

New Sophisticated “Exaggerated Lion” BEC Check Scam Uses Mules to Cash Out

You may wonder exactly how BEC scammers see a payday. New insight from security vendor Agari documents how a secondary check scam dupes unsuspecting victims to help.

February 24, 2020 Stu Sjouwerman

Spear Phishing Tops the Canadian Anti-Fraud Center’s List of Attacks

The latest data out of the Canadian Government points out how targeted spear phishing fraud attacks via email are the most lucrative method of attack for cybercriminals in 2019.

February 24, 2020 Stu Sjouwerman

A Single BEC Gang is Launching Thousands of Attacks Per Year

A unique cybercriminal group launched business email compromise (BEC) attacks against more than 2,100 companies in the US between April and August 2019, according to researchers at Agari. ...

February 14, 2020 Stu Sjouwerman

Cyberattacks in 2019 Cost over $3.5 Billion in Victim Losses with Business Email Compromise Taking in Half

The FBI’s annual year-in-review breaks down how 467,000 cyber attacks succeeded in taking consumers and businesses alike for billions of dollars.

February 12, 2020 Stu Sjouwerman

FBI Internet Crime Report Released: The Evolving Threat and Importance of Reporting

The FBI's Internet Crime Complaint Center released its 2019 Internet Crime Report, and by no surprise the bad guys and new scams show no signs of stopping anytime soon. Last year the ...

January 27, 2020 Stu Sjouwerman

5 Tips to Prevent CEO Fraud

Every day, employees are regularly receiving spoofed emails. Even C-level executives are receiving fraudulent requests to transfer money or provide sensitive information. This form of ...

January 23, 2020 Stu Sjouwerman

Domain-Impersonation Increases by 400% as part of Conversational Hijacking Attacks

The latest data from security vendor Barracuda suggests that attackers heavily rely on lookalike domains as part of BEC scams that can result in CEO fraud, malware infection, or ransom.

January 16, 2020 Stu Sjouwerman

Hackers Request Aging Reports to Identify Their Next CEO Fraud Victims for Them

Rather than attempt to hack user credentials and gain access to Accounts Payable applications, hackers are now impersonating the CFO and obtaining all the detail they need to launch a ...

January 14, 2020 Stu Sjouwerman

Fast Work By Cops Recovers $710,000 After CEO Fraud Attack Hits Long Island County Government

Finally some good news. Newsday reports that in record time, Nassau County, New York, recovered $710,000 that was transferred to scammers who were impersonating an existing county vendor.

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