Collaborate Disseminate
Exaggerated Lion, a newly discovered cybercrime group, uses new and unique tactics to target U.S. companies in BEC attacks. Continue reading Cybergang Favors G Suite and Physical Checks For BEC Attacks
There has never been a better time to invest in email fraud techniques. Cybercriminal forums are bursting with advertisements from scammers who are selling pre-made tools necessary for carrying out phishing attacks. The average cost of a tutorial that includes instructions on how to carry out a scam is under $25, while templates for malicious websites meant to dupe victims out of their usernames and passwords are typically worth $3 apiece. The numbers are included in research published Tuesday by Digital Shadows, a threat intelligence firm which monitors illicit web forums for criminal activity. The sales figures, if not always surprising, help illustrate how business email compromise (BEC) attacks, which sometimes begin with compromised accounts, caused more than $1.7 billion in cybercrime-related losses reported to the FBI last year. “As long as you have the money to buy a template, you don’t need to be a sophisticated threat actor to […]
The post Affordable phishing services help make email fraud the most profitable form of cybercrime appeared first on CyberScoop.
For years I have been encouraging people to report their instances of Cybercrime to the FBI’s Internet Crime & Complaint Center, IC3.gov. Based on the number of reports, people are finally doing just that. The growth in reporting over t… Continue reading IC3.gov 2019 Internet Crime Report: Its All About that BEC
Thieves managed to trick the Puerto Rico government into making $2.6 million worth of payments to the wrong recipient in an elaborate phishing scheme. Tricking local government officials into making payments to bogus accounts is not as uncommon as you … Continue reading Email Fraudsters Trick Puerto Rico’s Government into Wiring $2.6 Million to Bogus Accounts
As if Puerto Rico wasn’t having a hard enough time as it attempts to recover from recession, the damage caused by devastating hurricanes in recent years, and a damaging earthquake last month, it now finds itself being exploited by cybercriminals.
Read … Continue reading Puerto Rico government falls for $2.6 million email scam
As if Puerto Rico wasn’t having a hard enough time as it attempts to recover from a recession, the damage caused by devastating hurricanes in recent years, and a damaging earthquake last month, it now finds itself being exploited by cybercriminal… Continue reading Puerto Rico government falls for $2.6 million email scam
A recent phishing scam targeted Puerto Rico’s Industrial Development Company. Continue reading Puerto Rico Gov Hit By $2.6M Phishing Scam
Cybercriminals double down on successful internet scams, with a focus on phishing, BEC and other defrauding schemes that have proven to work. Continue reading FBI: $3.5B Lost in 2019 to Known Cyberscams, Ransomware
A gallery is tricked into giving millions to a fraudster, software tells doctors to push opioids onto patients, and an artist finds a novel way to trick Google Maps into thinking there’s a traffic jam.
All this and more is discussed in the latest… Continue reading Smashing Security #164: A bitter pill to swallow
Red Kite said that domain-spoofing and convincing scam emails claiming to be from suppliers were the cause. Continue reading Community Housing Nonprofit Hit with $1.2M Loss in BEC Scam