Category Archives: Business Email Compromise

Over $40 million recovered and arrests made within days of firm realising it had fallen for Business Email Compromise scam

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According to the FBI, billions of dollars have been lost through Business Email Compromise (BEC) attacks in recent years, so you may well think that there is little in the way of good news.

However, it has been revealed this week that police managed… Continue reading Over $40 million recovered and arrests made within days of firm realising it had fallen for Business Email Compromise scam→

Convicted BEC scammer could face over 100 years in prison

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A US court has found a Nigerian national guilty of charges related to a US $1.5 million business email compromise (BEC) scam and could face the rest of his life in prison as a consequence.

Read more in my article on the Hot for Security blog. Continue reading Convicted BEC scammer could face over 100 years in prison→

10 years in prison for $4.5 million BEC scammer who bought Ferrari to launder money

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A scammer has been sentenced to 10 years in prison for laundering over US $4.5 million obtained by targeting businesses and the elderly with Business Email Compromise (BEC) and romance fraud schemes.

Read more in my article on the Tripwire State of … Continue reading 10 years in prison for $4.5 million BEC scammer who bought Ferrari to launder money→

Microsoft’s Security Copilot Enters General Availability

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Microsoft’s AI chatbot and data aggregator is open for security business on April 1, with a new per-unit pricing model. Continue reading Microsoft’s Security Copilot Enters General Availability→

$12.5 billion lost to cybercrime, amid tidal wave of crypto investment fraud

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If you have been optimistically daydreaming that losses attributed to cybercrime might have reduced in the last year, it’s time to wake up.

The FBI’s latest annual Internet Crime Complaint Center (IC3) report has just been published, and makes for s… Continue reading $12.5 billion lost to cybercrime, amid tidal wave of crypto investment fraud→

Smashing Security podcast #358: Hong Kong hijinks, pig butchers, and poor ransomware gangs

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Is this the real life? Is this just fantasy? A company in Hong Kong suffers a sophisticated deepfake duping, be one your guard from pig butchers as Valentine’s Day approaches, and spare a moment to feel sorry for poor ransomware gangs.

All this and … Continue reading Smashing Security podcast #358: Hong Kong hijinks, pig butchers, and poor ransomware gangs→

Sekoia: Latest in the Financial Sector Cyber Threat Landscape

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Phishing, infostealer malware, ransomware, supply chain attacks, data breaches and crypto-related attacks are among the top evolving threats in the financial sector, says Sekoia. Continue reading Sekoia: Latest in the Financial Sector Cyber Threat Landscape→

Smashing Security podcast #332: Nudes leak at the plastic surgery, Mali mail mix-up, and WormGPT

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Dr 90210 finds himself in a sticky situation after his patients’ plastic surgery photos AND more end up in the hands of hackers, emails to the US military end up in the wrong hands, and script kiddies salivate at the thought of Business Email Compromis… Continue reading Smashing Security podcast #332: Nudes leak at the plastic surgery, Mali mail mix-up, and WormGPT→

How business email compromise attacks emulate legitimate web services to lure clicks

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New BEC cyberattacks use phishing with a legitimate Dropbox link as a lure for malware and credentials theft.
The post How business email compromise attacks emulate legitimate web services to lure clicks appeared first on TechRepublic.
Continue reading How business email compromise attacks emulate legitimate web services to lure clicks→

Israel-based threat actors show growing sophistication of email attacks

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Abnormal Security is tracking cybercriminals from an unusual location for business email compromises who are using sophisticated spoofing to spur payments for fake acquisitions.
The post Israel-based threat actors show growing sophistication of email a… Continue reading Israel-based threat actors show growing sophistication of email attacks→