BEC scams
BEC attacks increase in most industries, invoice and payment fraud rise by 155%
BEC attacks increased 15% quarter-over-quarter, driven by an explosion in invoice and payment fraud, Abnormal Security research reveals. “As the industry’s only measure of BEC …
Attackers finding new ways to exploit and bypass Office 365 defenses
Over the six-month period from March to August 2020, over 925,000 malicious emails managed to bypass Office 365 defenses and well-known secure email gateways (SEGs), an Area 1 …
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 …
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 …
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