Collaborate Disseminate
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
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
The FBI reported complaints concerning online scams and investment fraud have now reached a record-breaking level. The FBI’s Internet Crime Complaint Center (IC3) received its six millionth complaint on May 15, 2021. It took nearly seven years for the… Continue reading FBI Logs Rapid Increase in Email Scams, Investment Fraud
Phishers targeting Microsoft Office 365 users increasingly are turning to specialized links that take users to their organization’s own email login page. After a user logs in, the link prompts them to install a malicious but innocuously-named app that gives the attacker persistent, password-free access to any of the user’s emails and files, both of which are then plundered to launch malware and phishing scams against others. Continue reading Malicious Office 365 Apps Are the Ultimate Insiders
One of the more common forms of cyberattack is that of a business email compromise (BEC) – when the email account of either a buyer or seller (or both) is compromised by a hacker who then spoofs one or both of the parties to demand or redirect p… Continue reading Ninth Circuit Says Demand for Cyberinsurance Payment not a “Claim”
Cybercriminals are using big data technology to make money from data obtained on the Chinese-language underground. Quelle surprise. An analysis of open source information and data drawn from a variety of closed forums showed a cycle that included mult… Continue reading China’s Cybercriminals Profit From Underground Data Monetization
These 10 essential business email compromise statistics illustrate how this menace has grown + how you can protect your business.
The post 10 Must-See Business Email Compromise Statistics appeared first on Security Boulevard.
Continue reading 10 Must-See Business Email Compromise Statistics
The FBI is reminding organisations of the serious threat posed by business email compromise (BEC) scams, declaring that it caused over $1.8 billion worth of losses to businesses last year.
Read more in my article on the Tripwire State of Security blog. Continue reading 64 times worse than ransomware? FBI statistics underline the horrific cost of business email compromise
American victims reported $4.2 billion in losses as a result of cybercrime and internet fraud to the FBI in 2020, a roughly 20% uptick in the money known to be lost to scammers in 2019, the bureau said in a new report. The FBI’s Internet Crime Complaint Center, the organization through which U.S. citizens and businesses report financial losses from hackers, said in its annual report released Wednesday that it received an average of more than 2,000 complaints per day through 2020. The uptick in crime reporting — the bureau says it received an average of 1,200 complaints per day in 2019 — is driven largely by business email compromise (BEC), ransomware attacks and widespread technology support scams, in which fraudsters impersonate customer support representatives from tech firms or financial institutions, only to dupe victims into sending wire transfers. BEC scams were the cause of more than 19,000 complaints in […]
The post More than $4 billion in cybercrime losses reported to FBI in 2020 appeared first on CyberScoop.
Continue reading More than $4 billion in cybercrime losses reported to FBI in 2020
Business Email Compromise (BEC) scammers, who have made rich returns in recent years tricking organisations into transferring funds into their accounts, have found a new tactic which attempts to swindle Wall Street firms out of significantly larger amo… Continue reading Wall Street targeted by new Capital Call investment email scammers