BEC scams
Email-borne threats: Watch your inbox closely on Thursdays
Malicious email attachment message volume spikes more than 38% on Thursdays over the average weekday volume. Ransomware attackers in particular favor sending malicious …
Data breach activity reaches all-time high
With over 1,200 breaches and over 3.4 billion records exposed, 2017 is already on pace to be yet another “worst year on record” for data breach activity, according to Risk …
Know your enemy: Defining the new taxonomy of malicious emails
Just as it is the default tool for most businesses, email’s capacity for rapid, mass communication has made it a favourite instrument of criminals. As a result, malicious …
Most organizations were victims of business email compromise in 2016
Nearly three quarters of corporate treasury and finance professionals said their companies were victims of payments fraud last year, according to the Association for Financial …
Lithuanian arrested for $100 million BEC scams
Criminal charges were announced against Evaldas Rimasauskas for orchestrating a fraudulent business email compromise (BEC) scheme that induced two U.S.-based Internet …
The West African cybercriminal ecosystem is unlike any other
While there is still not an actual underground marketplace, cybercrime is pervasive in the West African region. Specifically, scamming operations. The peculiarities of the …
Scammers are blending W-2 phishing with wire fraud
During last year’s run-up to the US Tax Day, scammers mercilessly targeted companies’ payroll and human resources professionals, tricking them into handing over …
Next year, attacks will differentiate to penetrate new vulnerable surfaces
The upcoming year will include an increased breadth and depth of attacks, with malicious threat actors differentiating their tactics to capitalize on the changing technology …
Nigerian scammers: Then and now
The image that the expression “Nigerian scammer” conjures up in most people’s heads is still that of the confidence man behind the keyboard, convincing …
Interpol arrests Nigerian scam mastermind who stole $60 million
The head of an international criminal network behind thousands of online frauds has been arrested in a joint operation by INTERPOL and the Nigerian Economic and Financial …
BEC scams: What you need to know
Ransomware attacks hitting businesses and institutions might be the latest trend, but they are just one of the threats these organizations have to protect themselves against. …
BEC scammers stole $2.3 billion in less than three years
Once again, the FBI has issued a warning about business email compromise scams. Their numbers say there has been a 270 percent increase in identified victims and exposed loss …
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