On the hook! Phishing trip nets “Barbara” 5 years and whopping fine
The romance and business email compromise scammer pled guilty to fraud amounting to $25m. Continue reading On the hook! Phishing trip nets “Barbara” 5 years and whopping fine
Category Archives: Business Email Compromise
ThreatList: 60% of BEC Attacks Fly Under the Radar
The report also found that simply protecting employees in sensitive departments is not sufficient to protect against BEC. Continue reading ThreatList: 60% of BEC Attacks Fly Under the Radar
Business Email Compromise: The $9 Billion Security Threat You Can’t Ignore (CyberSpeak Podcast)
Business email compromise (BEC) attacks are expected to cost businesses $9 billion by the end of 2018, according to Trend Micro estimates. In this discussion with Roger Sels, VP of information…
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ThreatList: Business Email Compromises Way Up for Q2
Hardest hit were organizations using Office 365, with incidents costing more than $2 million each. Continue reading ThreatList: Business Email Compromises Way Up for Q2
Business email compromise scams have netted $12.5 billion, says FBI
The FBI is warning businesses of the serious dangers posed by business email compromise (BEC) scams, saying that losses globally have risen by 136% since December 2016.
Read more in my article on the Bitdefender Business Insights blog.
Continue reading Business email compromise scams have netted $12.5 billion, says FBI
Resisting Business Email Compromise Attacks on Office 365 Users
Recent news (or FUD) about an “undocumented” Office 365 API got the security world in a tizzy, but in reality it’s likely just part of the Graph. What’s more important is to help tenant administrators understand how to harden their tenant against Business Email Compromise (BEC) attacks. As it turns out, there are many different things you can do, if you want to.
The post Resisting Business Email Compromise Attacks on Office 365 Users appeared first on Petri.
Continue reading Resisting Business Email Compromise Attacks on Office 365 Users
Eight men arrested in alleged $15 million hacking scheme
Eight men across the U.S. and Ghana have been arrested and charged with a $15 million hacking and fraud scheme. The indictments against the group are noticeably short on details, but do provide some small insight into how U.S. law enforcement says these schemes unfold. Prosecutors allege the conspiracy worked when the accused used virtual private networks to mask their locations in Africa, spoof identities to send emails and open fraudulent bank accounts to handle the funds. “It as a part of the conspiracy that the defendants Babatunde Martins, Maxwell [Peter], Victor Okorhi, Bernardi Okorhi and/or [Dennis] Miah would monitor the email accounts of professionals in the real estate field to determine when fund transfers were scheduled to take place,” according to the indictment. A business email compromise scheme (BEC), the technique at the center of what prosecutors call “a barrage of international fraud schemes,” typically fools targets inside businesses into interacting with […]
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Private: Monday, June 18: Dtex, Insider Threats in the News: Elon Musk Says Insider Sabotaged Tesla; US Inspector General Says Insider Risk is Putting Critical Infrastructure in Jeopardy; CIO Australia Reports Dtex Helps AMP Detect What Firewalls and AV Misses – Human Behaviors
Today, CNBC broke the news that Tesla founder and CEO Elon Musk believes that an insider sabotaged Tesla by manipulating code in the Tesla Manufacturing Operating System and by exporting large amounts of user data to unknown third parties. Apparently, … Continue reading Private: Monday, June 18: Dtex, Insider Threats in the News: Elon Musk Says Insider Sabotaged Tesla; US Inspector General Says Insider Risk is Putting Critical Infrastructure in Jeopardy; CIO Australia Reports Dtex Helps AMP Detect What Firewalls and AV Misses – Human Behaviors
Operation Wire Wire: the South Florida Cases Part 3
In the main DOJ Operation Wire Wire press release, the South Florida cases are described like this:
Following an investigation by the FBI and the U.S. Secret Service, 23 individuals were charged in the Southern District of Florida with laundering at l… Continue reading Operation Wire Wire: the South Florida Cases Part 3
FBI arrests 74 in global Business Email Compromise takedown
After years of laughing in the face of victims BEC scammers have taken one on the chin. Continue reading FBI arrests 74 in global Business Email Compromise takedown