Nigerian cybercriminal gangs have become even more proficient in waging business email compromise attacks, according to an analysis from Palo Alto Network's Unit 42 that describes recent trends.
TA505, a notorious cybercriminal group believed to be operating in Russia, is using business email compromise tactics to target a new group of victims - HR departments, according to security researchers, who describe the new scheme.
Federal government agencies certainly are not immune from phishing scams, and Aaron Higbee of Cofense is focused on tackling the unique challenges that government faces in detecting and stopping the crimes.
Visser Precision, a U.S. manufacturer that supplies Boeing, Lockheed Martin, Tesla and SpaceX, appears to have been hit by the DoppelPaymer ransomware gang, which has begun leaking internal data and threatening to leak more unless the victim pays a ransom.
As business email compromise schemes continue to evolve, some cybercriminals are focusing on accessing companies' financial documents, which provide useful information to support the theft of money, according to a new report from security firm Agari.
For close to three years, a technology executive was hounded by a persistent attacker who stole his identity, opened credit cards in his name, and wired funds from his bank account. Though SpyCloud helped bring this particular criminal to justice, these tactics are common in targeted attacks.
If your account...
Spear phishing emails remain the most popular attack avenue for the bad guys, yet most companies still don't have an effective strategy to stop them. This enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more. Don't get caught in a phishing net! Learn how to avoid...
As new prevention technologies are deployed, Fraudsters are forced to change their approach, develop new tools, and uncover new ways to monetize their activities. In this way, Fraud Protection has been a perpetual cat-and-mouse game.
We'll see a real story about a phishing attack that could involve each bank's...
Only ~20% of companies use DMARC, SPF, and DKIM, global anti-domain-spoofing standards, which could significantly cut down on phishing attacks. But even when they are enabled and your domain is more secure, 81% of phishing attacks still continue to sail right through to the end-user.
In this webinar, Roger Grimes,...
Business email compromise scams continue to proliferate. Last week, Japanese media company Nikkei revealed that an employee made a $29 million fraudulent transfer as a result of a scam. And in a separate scam, the city of Ocala, Florida, suffered losses of over $742,000.
Many businesses don't seem to be able to block the ongoing scourge of sophisticated business email compromise schemes. "Incidents are just increasing; there's a huge volume of business email compromise," says David Stubley, CEO at 7 Elements, a security testing firm and consultancy.
Spanish authorities say they've arrested three individuals on charges of running a large-scale business email compromise scheme that targeted a dozen companies around the world to steal about $11 million.
As email threats become more advanced, machine learning is being used to detect these attacks. Learn the latest about machine learning & how it is changing the threat landscape.
Join this session to discuss:
How machine learning is being used to detect threats
Latest advancements in machine learning for cyber...
Online attack threats continue to intensify, with criminals preferring ransomware, DDoS attacks and business email compromises, warns Europol, the EU's law enforcement intelligence agency. After numerous successful disruptions by police, criminals have responded by launching increasingly complex attacks.
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