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.
Ransomware, business email compromises and the malicious insider threat: These are the three top concerns of Canadian attorney Imran Ahmad as he looks ahead to the cybersecurity legal landscape in 2020.
A newly discovered cybercriminal gang is putting a twist on business email compromise scams by initially targeting vendors or suppliers with phishing emails and then sending realistic-looking invoices to their customers, according to the security firm Agari, which labels the approach "vendor email compromise."
Barracuda is out with its latest Spear Phishing Update, and among the key findings: a rise in email account takeover and lateral phishing. Why are enterprise defenses failing to detect these strikes? What new solutions will improve defenses? Barracuda's Michael Flouton shares insights.
This week's ISMG Security Report analyzes the cost of business email compromise attacks and the recent arrest of dozens of suspects. Also featured: updates on the easy availability of low-cost hacking tools and the latest payment card fraud trends.
A global law enforcement operation has resulted in the arrest of 281 suspects allegedly involved in business email compromise scams. The announcement comes on the same day as the FBI's Internet Crime Complaint Center says that losses from BEC scams have hit $26 billion and are continuing to rise.
Account takeover (ATO) attacks result in billions of dollars of fraud and damage to brand reputation each year. These are the costs and risks associated with ATO.
A new variant of the TrickBot banking Trojan is enabling attackers to conduct SIM swapping schemes against Verizon Wireless, Sprint and T-Mobile customers in the U.S., potentially paving the way for account takeover fraud, according to a report from Dell's SecureWorks division.
Eighty suspects, most of them Nigerian nationals, have been indicted on charges of running global business email compromise and romance scams that led to millions of dollars in fraud and allegedly involved a complex money-laundering operation.
The FBI has arrested a Nigerian businessman for allegedly carrying out an $11 million business email compromise scheme that targeted a U.K. affiliate of U.S. heavy equipment manufacturer Caterpillar.
A newly identified phishing campaign used Google Drive to help bypass some email security features as attackers attempted to target a company in the energy industry, security firm Cofense reported this week.
U.K. authorities dismantled 13 organized crime groups in the first half of this year. Police report that these groups are increasingly turning to online fraud.
Business email compromise scams are surging, and they're costing U.S. companies a total of more than $300 million a month, according to a recently released analysis by the U.S. Treasury Department. The report pinpoints which sectors are hardest hit by this type of fraud.
A growing area of concern for security researchers is a new crop of business email compromise schemes originating from Nigeria, with scammers upping their game by using new malware. The biggest of the crime gangs is SilverTerrier, according to Palo Alto Network's Unit 42.
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