Phishing gangs mounting high-ticket BEC attacks, average loss now $80,000
Companies are losing money to criminals who are launching Business Email Compromise (BEC) attacks as a more remunerative line of business than retail-accounts phishing, APWG …
BEC scams
Brand impersonation is a go-to tactic for attackers, especially for credential phishing and BEC attacks
Trends in BEC and email security during Q2 2020 included a peaking and plateauing of COVID-19-themed email attacks, an increase in BEC attack volume and acceleration of …
6,600 organizations bombarded with 100,000+ BEC attacks
Cybercriminals are increasingly registering accounts with legitimate services, such as Gmail and AOL, to use them in impersonation and BEC attacks, according to Barracuda …
200% increase in invoice and payment fraud BEC attacks
There has been a 200 percent increase in BEC attacks focused on invoice or payment fraud from April to May 2020, according to Abnormal Security. This sharp rise continues the …
Email security challenges and BEC trends during the pandemic
COVID-related attacks increased 436% between the second and third weeks of March 2020, with an average 173% week-over-week increase during the quarter, according to Abnormal …
The “return” of fraudulent wire transfers
Ransomware gangs targeting businesses are currently getting more public attention, but scammers trying to trick employees into performing fraudulent wire transfers are once …
Cyber crooks continue to exploit COVID-19 for their malicious schemes
A time of chaos is a time for opportunity for unscrupulous individuals and groups, and COVID-19 is seemingly an unmissable boon for cyber crooks. We’ve already covered a …
Almost three-quarters of all phishing sites now use SSL protection
The total number of phishing sites detected by the Anti-Phishing Working Group (APWG) worldwide in October through December 2019 was 162,155, following the all-time-high of …
Half of cybercrime losses in 2019 were the result of BEC scams
Business email compromise (BEC) and email account compromise (EAC) scams are still the most lucrative schemes for cybercriminals: the FBI’s Internet Crime Complaint Center …
Your supplier’s BEC problem is your BEC problem
Business email compromise (BEC) scams are a burgeoning threat for organizations and, despite rising awareness, new victims are cropping up daily. BEC scammers don’t care …
Phishing attacks at highest level in three years
The number of phishing attacks continued to rise into the autumn of 2019, according to APWG. The total number of phishing sites detected in July through September 2019 was …
Nikkei hit by BEC scammers, loses $29 million
Japanese media company Nikkei Inc. is the latest organization to be fleeced by BEC scammers, to the tune of $29 million. What happened? The company confirmed last week that, …
