Cybercriminal Gang Targeting SMBs Using Business Email Compromise

Oct 3, 2024 11:58:20 AM By Stu Sjouwerman

Researchers at Todyl have published a report on a major cybercriminal group that’s conducting business email compromise (BEC) attacks against small and medium-sized businesses. Todyl ...

7 in 10 Organizations Experienced a Business Email Compromise Attack in the Last 12 Months

Jul 18, 2024 11:30:02 AM By Stu Sjouwerman

Despite ransomware getting the lion’s share of the tech pub headlines, business email compromise (BEC) attacks are alive and well… and having a material impact.

Americans Lose a Record $10 Billion to Fraud in 2023; Mostly Due To Investment Scams

Feb 12, 2024 10:31:50 AM By Stu Sjouwerman

The US Federal Trade Commission (FTC) has disclosed that people in the United States lost a record $10 billion to fraud in 2023, a 14% increase from 2022. Nearly half of the losses were ...

[Cybersecurity Awareness Month] Spoofy Steve's Business Email Compromise Scams You Need to Watch Out For

Oct 4, 2023 9:13:04 AM By Roger Grimes

Like a ghost, most business email compromise (BEC) scams are able to sneak through most technical defenses and end up in end-user inboxes.

Top 10 Trends in Business Email Compromise for 2023

Aug 28, 2023 8:46:11 AM By Stu Sjouwerman

Researchers at Trustwave have published a report outlining trends in business email compromise (BEC) attacks, finding that these attacks spiked in February of 2023.

Business Email Compromise Now Has a $50 Billion Price Tag

Jul 20, 2023 3:25:36 PM By Stu Sjouwerman

The latest data from the FBI’s Internet Crime Complaint Center (IC3) ups the estimate for the cost of losses and exposure through business email compromise (BEC) attacks from 2013 through ...

New Report Shows Social Engineering and Business Email Compromise Attacks Have Drastically Increased in 2023

Jul 6, 2023 8:45:53 AM By Stu Sjouwerman

Email-based social engineering attacks have risen by 464% this year compared to the first half of 2022, according to a report by Acronis. Business email compromise (BEC) attacks have also ...

New Social Engineering Tactic Uses PDFs in Business Email Compromise Attacks

Jun 20, 2023 8:46:31 AM By Stu Sjouwerman

Legitimate services can be exploited in social engineering, including business email compromise (BEC) attacks.  Researchers at Check Point describe one current BEC campaign that’s using ...

Microsoft Describes a Sophisticated Phishing Campaign that Targeted Several Financial Organizations

Jun 13, 2023 9:56:43 AM By Stu Sjouwerman

Microsoft describes a sophisticated phishing campaign that targeted several financial organizations.

[Microsoft Warning] A 38% Spike In Business Email Compromise with new Cybercrime-as-a-Service

May 23, 2023 8:50:06 AM By Stu Sjouwerman

Microsoft has observed a thirty-eight percent increase in cybercrime-as-a-service (CaaS) offerings for launching business email compromise (BEC) attacks between 2019 and 2022.

Business Email Compromise and “Confidential” Mergers and Acquisitions

May 10, 2023 10:07:25 AM By Stu Sjouwerman

A newly identified criminal organization has been observed running a large number of business email compromise (BEC) scams. Since February 2021, Abnormal Security reports the gang has ...

Response-Based Business Email Compromise Contributes to 97% of Attacks

May 4, 2023 8:39:58 AM By Stu Sjouwerman

The malwareless and seemingly benign nature of business email compromise emails, mixed with impersonation techniques, are difficult to spot as being malicious, making them even more ...

FBI: Business Email Compromise Attacks Are Being Used to Make Bulk Goods Purchases from Vendors

Apr 6, 2023 8:33:35 AM By Stu Sjouwerman

A new public service announcement focuses on a specific form of BEC attack using little more than a spoofed domain and common vendor payment practices to steal hardware, supplies and more.

Australian Police Arrest Business Email Compromise (BEC) Operators

Mar 29, 2023 8:43:18 AM By Stu Sjouwerman

The Australian Federal Police (AFP) have arrested four alleged members of an organized crime group known for carrying out business email compromise (BEC) attacks, BleepingComputer ...

The FBI's Public Service Warning of Business Email Compromise

Mar 29, 2023 8:01:52 AM By Stu Sjouwerman

The US FBI is warning of business email compromise (BEC) attacks designed to steal physical goods. While BEC attacks are typically associated with stealing money, criminals can use the ...

Report Shows Business Email Compromise (BEC) Attacks Increase and Phishing Used as Initial Attack Vector in the Last Year

Mar 20, 2023 10:08:42 AM By Stu Sjouwerman

Secureworks has published a report looking at cybercrime over the course of 2022, finding that business email compromise (BEC) attacks nearly doubled last year. Additionally, attacks in ...

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Cybercriminal Gang Targeting SMBs Using Business Email Compromise

7 in 10 Organizations Experienced a Business Email Compromise Attack in the Last 12 Months

Americans Lose a Record $10 Billion to Fraud in 2023; Mostly Due To Investment Scams

[Cybersecurity Awareness Month] Spoofy Steve's Business Email Compromise Scams You Need to Watch Out For

Top 10 Trends in Business Email Compromise for 2023

Business Email Compromise Now Has a $50 Billion Price Tag

New Report Shows Social Engineering and Business Email Compromise Attacks Have Drastically Increased in 2023

New Social Engineering Tactic Uses PDFs in Business Email Compromise Attacks

Microsoft Describes a Sophisticated Phishing Campaign that Targeted Several Financial Organizations

[Microsoft Warning] A 38% Spike In Business Email Compromise with new Cybercrime-as-a-Service

Business Email Compromise and “Confidential” Mergers and Acquisitions

Response-Based Business Email Compromise Contributes to 97% of Attacks

FBI: Business Email Compromise Attacks Are Being Used to Make Bulk Goods Purchases from Vendors

Australian Police Arrest Business Email Compromise (BEC) Operators

The FBI's Public Service Warning of Business Email Compromise

Report Shows Business Email Compromise (BEC) Attacks Increase and Phishing Used as Initial Attack Vector in the Last Year

Microsoft Warns of Business Email Compromise Attacks Taking Hours

Executive Impersonation Business Email Compromise Attacks Go Beyond English Worldwide

Business Email Compromise Gang Gets Jail Time for Stealing Millions

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

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