Category Archives: Business Email Compromise (BEC)

Notorious Nigerian cybercriminal tied to BEC scams extradited to U.S.

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Abiola Kayode, a 37-year-old Nigerian national, has been extradited from Ghana to the United States to face charges of conspiracy to commit wire fraud.  Kayode, who was on the FBI’s Most Wanted cybercriminal list, is charged with participating in a business email compromise (BEC) scheme and romance fraud from January 2015 to September 2016, defrauding […]

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African cybercrime crackdown nets more than 1,000 suspects

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The international law enforcement operation is the latest to tackle cybercrime on the continent.

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Shareholder-tracking company Equiniti shells out $850K to SEC over breaches

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According to the Securities and Exchange Commission, the company’s failures led to the loss of $6.6 million in client funds.

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How the FBI Fights Back Against Worldwide Cyberattacks

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In the worldwide battle against malicious cyberattacks, there is no organization more central to the fight than the Federal Bureau of Investigation (FBI). And recent years have proven that the bureau still has some surprises up its sleeve. In early May, the U.S. Department of Justice announced the conclusion of a U.S. government operation called […]

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Researchers unpack massive email scam targeting dozens of companies

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The campaign is the latest case of business email compromise, which costs victims billions of dollars annually.

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Fishy Business: What Are Spear Phishing, Whaling and Barrel Phishing?

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For threat actors, phishing embodies the holy trinity of goals: easy, effective and profitable. It’s no wonder that the 2022 X-Force Threat Intelligence Index reports that phishing was the top method used by attackers to breach an organization. Of all the attacks that X-Force remediated in 2021, attackers used phishing in 41% of them. Because […]

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