BEC Wire Transfers Average $80K Per Attack
That number represents a big uptick over Q1. Continue reading BEC Wire Transfers Average $80K Per Attack
Category Archives: Business Email Compromise
Two accused email scammers brought to US to face fraud-related charges
Two accused scammers have arrived in the U.S. from Ghana to face charges that they were involved in separate conspiracies to defraud American victims out of millions of dollars. Deborah Mensah, a 33-year-old Ghanian national, stands accused of stealing more than $10 million through business email compromise (BEC) fraud, in which she allegedly targeted businesses and elderly individuals as part of an international scam. Mensah is the eight person to be charged as part of the investigation, the U.S. Department of Justice said Wednesday. The department also announced that another accused BEC scammer, Maxwell Peter, had been extradited to the U.S. to face charges in an unrelated case. “Deborah Mensah is alleged to have been a participant in a conspiracy that resulted in the theft of millions of dollars from businesses and vulnerable individuals across the United States, and the laundering of that money through a network of bank accounts in […]
The post Two accused email scammers brought to US to face fraud-related charges appeared first on CyberScoop.
Continue reading Two accused email scammers brought to US to face fraud-related charges
Attackers Horn in on MFA Bypass Options for Account Takeovers
Legacy applications don’t support modern authentication — and cybercriminals know this. Continue reading Attackers Horn in on MFA Bypass Options for Account Takeovers
After hackers nearly stole $1M from soccer team, UK agency warns of sporting sector’s vulnerabilities
As one of the most popular soccer leagues on the planet, the English Premier League rakes in billions of dollars every year, in part by attracting star players through a cutthroat transfer market. The multimillion-dollar negotiations can make or break a season. Suffice to say that sending more than a $1 million to a fake team for a player they don’t have would be a setback. That’s nearly what happened to one of the league’s teams, though, after scammers hacked into the email account of the club’s managing director, according to a report released Thursday by the U.K.’s National Cyber Security Centre. The only thing that stopped the money transfer from going through was a fraud marker on the crooks’ bank account. Government officials did not specify which team was targeted. It is one of a handful of security incidents in a report that U.K. cybersecurity experts are using to highlight how various […]
The post After hackers nearly stole $1M from soccer team, UK agency warns of sporting sector’s vulnerabilities appeared first on CyberScoop.
DMARC Adoption Spikes, Higher Ed Remains Behind
As colleges and universities prepare for the fall semester, email protections against surging threats like BEC and phishing are lagging. Continue reading DMARC Adoption Spikes, Higher Ed Remains Behind
Secret Service Creates Cyber Fraud Task Forces
Traditional financial crime and cyberattacks are converging, requiring new skills and approaches to the problem, officials said. Continue reading Secret Service Creates Cyber Fraud Task Forces
A ‘New Age’ of Sophisticated Business Email Compromise is Coming
A new BEC threat group is heralding more sophisticated email scams that target organizations without DMARC and squeeze as much money out of victims as possible. Continue reading A ‘New Age’ of Sophisticated Business Email Compromise is Coming
Cosmic Lynx: The highly-professional cybercrime gang scamming businesses out of millions of dollars
Things just got serious.
Business Email Compromise is no longer solely the province of chancers. Organised criminal gangs with a high level of professionalism have seen the opportunity and seized it.
Read more in my article on the Tripwire State of Sec… Continue reading Cosmic Lynx: The highly-professional cybercrime gang scamming businesses out of millions of dollars
Cosmic Lynx: The highly-professional cybercrime gang scamming businesses out of millions of dollars
Things just got serious.
Business Email Compromise is no longer solely the province of chancers. Organised criminal gangs with a high level of professionalism have seen the opportunity and seized it.
Read more in my article on the Tripwire State of Sec… Continue reading Cosmic Lynx: The highly-professional cybercrime gang scamming businesses out of millions of dollars
Smashing Security podcast #186: This one’s for all the Karens!
A high-rolling Hushpuppi gets extradited to the United States, Carole details her problems with clipboards and Disposophobia, and our guest becomes the subject of fake news during the Senegalese election.
All this and much much more is discussed in the… Continue reading Smashing Security podcast #186: This one’s for all the Karens!