BEC scams
Property renters targeted in simple BEC scam
Emails purportedly sent by rental property management firms are being used to steal money from people in France and Canada, Proofpoint researchers have warned. A BEC scam …
Evolving cybercriminal tactics targeting SMBs
A recent Todyl report revealed a 558% increase in BEC (Business Email Compromise), AiTM (Adversary-in-the-Middle), and ATO (Account Takeover) attacks in 2024. In this Help Net …
Losses due to cryptocurrency and BEC scams are soaring
Every type of fraud is on the rise, and 2023 was a particularly devastating year for victims of cryptocurrency and business email compromise (BEC) scams, according to the FBI. …
Cybercriminals exploit file sharing services to advance phishing attacks
Threat actors use popular file-hosting or e-signature solutions as a disguise to manipulate their targets into revealing private information or downloading malware, according …
Scammers dupe chemical company into wiring $60 million
Orion S.A., a global chemical company with headquarters in Luxembourg, has become a victim of fraud: it lost approximately $60 million through “multiple fraudulently …
The changes in the cyber threat landscape in the last 12 months
When it comes to the cyber threat landscape, change is the only constant: the inevitable interplay between cybercriminals and law enforcement agencies makes it inevitable. …
Strategies for combating AI-enhanced BEC attacks
In this Help Net Security interview, Robert Haist, CISO at TeamViewer, discusses how AI is being leveraged by cybercriminals to enhance the effectiveness of BEC scams. How is …
56% of cyber insurance claims originate in the email inbox
56% of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of …
How CISOs tackle business payment fraud
In this Help Net Security video, Shai Gabay, CEO of Trustmi, discusses why payments are a source of cyber worry for CISOs. CISOs are worried about Business Email Compromise …
Email security trends in the energy and infrastructure sector
In this Help Net Security video, Mike Britton, CISO at Abnormal Security, discusses how energy and infrastructure organizations face an increased risk of business email …
European retailer Pepco loses €15.5 million in phishing (possibly BEC?) attack
Pepco Group has confirmed that its Hungarian business has been hit by a “sophisticated fraudulent phishing attack.” The European company, which operates shops …
Understanding employees’ motivations behind risky actions
More 68% of employees knowingly put their organizations at risk, potentially leading to ransomware or malware infections, data breaches, or financial loss, according to …