Collaborate Disseminate
The number of phishing attacks grew through 2020, fully doubling over the course of the year. Attacks peaked in October 2020, with a high of 225,304 new phishing sites appearing in that month alone, breaking all previous monthly records, according to A… Continue reading Successful BEC attacks become 56% more costly
BEC fraudsters now have bases of operation across at least 39 counties and are responsible for $26 billion in losses annually — and growing. Continue reading BEC Attacks: Nigeria No Longer the Epicenter as Losses Top $26B
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 reveals. High-ticket BEC attacks Agari reported average wire transfer loss fro… Continue reading Phishing gangs mounting high-ticket BEC attacks, average loss now $80,000
An emerging group of scammers masquerading as legitimate business executives is behind more than 200 email-based attacks that aim to swindle hundreds of thousands of dollars from companies, according to new findings. Dubbed “Cosmic Lynx” in research published Tuesday by the email security firm Agari, the group has targeted individuals in 46 countries since July 2019, often victimizing senior leaders in Fortune 500 or Global 2000 firms. It’s the latest in a long line of business email compromise (BEC) gangs, which impersonate trusted associates to request wire transfers or other payments. Unlike alleged operators often identified in U.S. indictments, the Cosmic Lynx group is likely made up of attackers based in Russia, researchers said, in what Agari described as the first-ever Russian crime ring of this kind. More often, prosecutions of accused BEC scammers are against suspects with roots in Nigeria. American victims reported $1.7 billion in BEC-related losses to the FBI last […]
The post Researchers tie email fraud campaign aimed at Fortune 500 firms to Russian scammers appeared first on CyberScoop.
Continue reading Researchers tie email fraud campaign aimed at Fortune 500 firms to Russian scammers
When a reliable method of scamming money out of people, companies or governments becomes widely known, underground forums and chat networks tend to light up with activity as more fraudsters pile on to claim their share. And that’s exactly what appears to be going on right now as multiple U.S. states struggle to combat a tsunami of phony Pandemic Unemployment Assistance (PUA) claims. Meanwhile, a number of U.S. states are possibly making it easier for crooks by leaking their citizens’ personal data from the very websites the unemployment scammers are using to file bogus claims. Continue reading Riding the State Unemployment Fraud ‘Wave’
Agari, the market share leader in phishing defense solutions for the enterprise, unveiled Agari Active Defense with a new service that delivers actionable threat intelligence driven through active engagement with Business Email Compromise (BEC) threat … Continue reading Agari Active Defense delivers actionable BEC intelligence through active threat actor engagement
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 266,387 attacks recorded in July through September 2019. Most menacing, however… Continue reading Almost three-quarters of all phishing sites now use SSL protection
With the international political situation becoming increasingly fraught and divisive, it is hard to ignore the shadow of foreign interference looming over electoral proceedings around the world. Not only are the US elections arguably some of the most … Continue reading Why the 2020 US presidential election is still vulnerable to foreign interference
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 266,387. This was up 46 percent from the 182,465 seen in the second quarter of 2… Continue reading Phishing attacks at highest level in three years
Phishing attacks continued to rise into the summer of 2019 with cybercrime gangs’ focus on branded webmail and SaaS providers remaining very keen, according to the APWG report. The report also documents how criminals are increasingly perpetrating… Continue reading Phishing attacks up, especially against SaaS and webmail services