US charges three men with six million dollar business email compromise plot

Three Nigerian nationals face charges in a US federal court related to a business email compromise (BEC) scam that is said to have stolen more than US $6 million from victims.

Read more in my article on the Tripwire State of Security blog. Continue reading US charges three men with six million dollar business email compromise plot

US sends million-dollar scammer to prison for four years

31-year-old Solomon Ekunke Okpe, of Lagos, was a member of a gang that devised and executed a variety of scams – including business email compromise (BEC), romance scams, working-from-home scams, and more – between December 2011 and January 2017.

Re… Continue reading US sends million-dollar scammer to prison for four years

Smashing Security podcast #314: Photo cropping bombshell, TikTok debates, and real estate scams

It could be a case of aCropalypse now for Google Pixel users, there’s a warning for house buyers, and just why is TikTok being singled out for privacy concerns?

All this and much much more is discussed in the latest edition of the “Smashing Security… Continue reading Smashing Security podcast #314: Photo cropping bombshell, TikTok debates, and real estate scams

BECs double in 2022, overtaking ransomware

A look at 4th quarter 2022, data suggests that new threat surfaces notwithstanding, low-code cybersecurity business email compromises including phishing, as well as MFA bombing are still the prevalent exploits favored by threat actors.
The post BECs do… Continue reading BECs double in 2022, overtaking ransomware

FBI reveals that more money is lost to investment fraud than ransomware and business email compromise combined

The latest annual FBI report on the state of cybercrime has shown a massive increase in the amount of money stolen through investment scams.

Read more in my article on the Hot for Security blog. Continue reading FBI reveals that more money is lost to investment fraud than ransomware and business email compromise combined

What are Romance Scams?

By Ronnie Tokazowski Emotional manipulation is everywhere around us. Every day we’re presented with ads to suggest we buy things, presented with news telling us what to believe, and most of the time we don’t give it a second thought. Romance scams make use of the very same marketing tactics; however, they employ them with […]

The post What are Romance Scams? appeared first on Cofense.

Continue reading What are Romance Scams?

Researchers warn AI-generated phishing attacks are becoming more convincing

It’s time for you and your colleagues to become more skeptical about what you read.

That’s a takeaway from a series of experiments undertaken using GPT-3 AI text-generating interfaces to create malicious messages designed to spear-phish, scam, harra… Continue reading Researchers warn AI-generated phishing attacks are becoming more convincing

Business email compromise attacks now targeting people via SMS messages

No longer limited to email, BEC attacks are hitting users through text messages in an attempt to steal money or commit other types of fraud, says Trustwave.
The post Business email compromise attacks now targeting people via SMS messages appeared first… Continue reading Business email compromise attacks now targeting people via SMS messages

Smashing Security podcast #297: Mastodon 101, and the Hushpuppi saga

Graham offers some security and privacy advice for those exodusing Twitter to Mastodon, and Carole slams the door shut on a notorious scammer with a huge Instagram following.

All this and more is discussed in the latest edition of the award-winning … Continue reading Smashing Security podcast #297: Mastodon 101, and the Hushpuppi saga