Business email compromise fraud generated more losses for victims than any other type of cybercrime in 2021. It’s long past time that organizations got a handle on these scams. The old adage of people being the weakest link in security is especially true when it comes to email threats. Here, cybercriminals can arguable generate their … More The trouble with BEC: How to stop the costliest internet scam
The group used phishing, BEC and other types of attacks to swindle victims out of millions. Law enforcement agencies from Europe have cracked down on an organized group that is associated with the Italian Mob and has been involved in all manner of cybercrime, including phishing campaigns, SIM swapping and Business Email Compromise (BEC). The criminal network was … More European police dismantle cybercrime ring with ties to Italian Mafia
Elderly men and women were the main targets of the Romance and Business Email Compromise (BEC) scams operated by the fraudsters. A United States Army Reservist has been sentenced to 46 months and ordered to and pay approximately US$1.8 million in restitution after he was found to be involved in a scheme to commit romance and business email … More Victims duped out of US$1.8 million by Romance and BEC scam ring
The fraudsters ran their campaigns from the cloud and used phishing attacks and email forwarding rules to steal financial information. Microsoft has shut down a sprawling Business Email Compromise (BEC) operation that had its infrastructure hosted in several web services. Using these cloud-based assets, the threat actors infiltrated hundreds of mailboxes across multiple organizations and … More Microsoft takes down large‑scale BEC operation
A primer on various threats looming over financial companies and the steps that these organizations can take to counter them. Companies operating in the financial services industry aren’t by any means strangers to being targeted by various forms of financial crimes and fraud. However, over time, the playing field has changed and threat actors have … More Cybersecurity risks and challenges facing the financial industry
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