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: Cosmic Lynx
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
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 and opportunistic Nigerian actors such as the Yahoo Boys. Organised criminal gangs with a high level of professionalism have seen the opportunity and seized… Continue reading Cosmic Lynx: The Highly-Professional Cybercrime Gang Scamming Businesses Out of Millions of Dollars
Researchers tie email fraud campaign aimed at Fortune 500 firms to Russian scammers
An emerging group of scammers masquerading as legitimate business executives is behind more than 200 email-based attacks that aim to swindle hundreds of thousands of dollars from companies, according to new findings. Dubbed “Cosmic Lynx” in research published Tuesday by the email security firm Agari, the group has targeted individuals in 46 countries since July 2019, often victimizing senior leaders in Fortune 500 or Global 2000 firms. It’s the latest in a long line of business email compromise (BEC) gangs, which impersonate trusted associates to request wire transfers or other payments. Unlike alleged operators often identified in U.S. indictments, the Cosmic Lynx group is likely made up of attackers based in Russia, researchers said, in what Agari described as the first-ever Russian crime ring of this kind. More often, prosecutions of accused BEC scammers are against suspects with roots in Nigeria. American victims reported $1.7 billion in BEC-related losses to the FBI last […]
The post Researchers tie email fraud campaign aimed at Fortune 500 firms to Russian scammers appeared first on CyberScoop.
Continue reading Researchers tie email fraud campaign aimed at Fortune 500 firms to Russian scammers
First-Ever Russian BEC Gang, Cosmic Lynx, Uncovered
Researchers warn that Cosmic Lynx targets firms that don’t use DMARC and uses a “mergers and acquisitions” pretext that can lead to large sums of money being stolen. Continue reading First-Ever Russian BEC Gang, Cosmic Lynx, Uncovered