$43 billion stolen through Business Email Compromise since 2016, reports FBI

The FBI’s Internet Crime Complaint Center (IC3) has issued updated statistics on Business Email Compromise (BEC) attacks which use a variety of social engineering and phishing techniques to break into accounts and trick companies into transferring larg… Continue reading $43 billion stolen through Business Email Compromise since 2016, reports FBI

Smashing Security podcast #265: The Nigerian supercop and Alexa vs. Alexa

The most famous policeman in Nigeria is in hot water over his links to Hushpuppi, has your Amazon Echo been talking to itself, and can an AI girlfriend save your marriage?

All this and much more is discussed in the latest edition of the award-winnin… Continue reading Smashing Security podcast #265: The Nigerian supercop and Alexa vs. Alexa

Bank of America employee indicted for email scam that targeted businesses

A 30-year-old man employed at Bank of America and TD Mark is alleged to have exploited his position to defraud five businesses out of more than $1.1 million in a Business Email Compromise plot.

Read more in my article on the Hot for Security blog. Continue reading Bank of America employee indicted for email scam that targeted businesses

Wanted: Disgruntled Employees to Deploy Ransomware

Criminal hackers will try almost anything to get inside a profitable enterprise and secure a million-dollar payday from a ransomware infection. Apparently now that includes emailing employees directly and asking them to unleash the malware inside their employer’s network in exchange for a percentage of any ransom amount paid by the victim company. Continue reading Wanted: Disgruntled Employees to Deploy Ransomware

Instagram influencer Hushpuppi admits his part in scams that stole more than $24 million

Ramon Olorunwa Abbas, also known as “Ray Hushpuppi,” might have imagined he had it all.

The self-proclaimed “Billionaire Gucci Master”, flamboyantly boasted about his luxurious life of expensive cars, private jets, and designer clothes to his 2.3 mi… Continue reading Instagram influencer Hushpuppi admits his part in scams that stole more than $24 million

Homoglyph domains used in BEC scams shut down by Microsoft

17 domains used in Business Email Compromise (BEC) scams have been seized by Microsoft’s Digital Crimes Unit (DCU), following an investigation by the software giant into attacks that could have stolen millions of dollars from innocent firms.

Read mo… Continue reading Homoglyph domains used in BEC scams shut down by Microsoft

One billion dollars lost by over-60s through online fraud in 2020, says FBI

According to a newly-published report by the FBI’s Internet Crime Complaint Center (IC3), the elderly are more at risk from falling victim to online fraud and internet scammers than ever before.

Read more in my article on the Hot for Security blog. Continue reading One billion dollars lost by over-60s through online fraud in 2020, says FBI