Fraud, e-hustles and social engineering attacks continues to proliferate, the FBI's latest report into the state of internet crime confirms. But over the past year, a new FBI tactic for quickly stopping fraudulent wire transfers has notched notable successes.
Among the top new spear phishing threats to enterprises: Extortion. Asaf Cidon of Barracuda outlines the top three spear phishing threats and new strategies to defend against them.
A 31-year-old Maryland man will serve time in prison for his leadership role in a business email compromise scheme that netted him and five others $4.2 million from 13 victims over a two-year period.
West African fraudsters have moved beyond Nigerian prince scams and embraced business email compromises and other types of attacks, says Crane Hassold of Agari.
Beazley Breach Response Services, a unit of global insurance company Beazley, reports that nearly half of the more than 3,300 breaches it investigated last year traced to a hack attack or malware infection. And half of those hacking/malware attacks were tied to business email compromise schemes.
This Valentine's Day, authorities are once again warning individuals to watch out for anyone perpetrating romance scams. The FTC says Americans lost $143 million to romance scams in 2017, while in the U.K., Action Fraud says reported romance scam losses in 2018 topped $64 million.
With an operating system that's used by 90 percent of Fortune 500 companies, Microsoft closely monitors cyberattack trends. Joram Borenstein, general manager of Microsoft's Cybersecurity Solutions Group, discusses his top three concerns for 2019.
In the wake of Equifax and other major breaches, sophisticated fraudsters are finding success as never before. Al Pascual of Javelin Strategy and Research discusses how identity impersonation is manifesting.
Leading the latest edition of the ISMG Security Report: Microsoft's Joram Borenstein highlights his top three areas of focus for 2019. Plus, Randy Vanderhoof of the US Payments Forum on securing card transactions in the coming year.
This was an eventful year for healthcare cybersecurity and privacy incidents and developments. But what's ahead for 2019? Here are eight predictions from privacy and security expert Rebecca Herold.
French film production and distribution company Pathe fired the two senior managers overseeing its Dutch operations after they fell victim to a business email compromise scam and approved $21 million in transfers to fraudsters. Many organizations remain at high risk from such scams.
Want to better block business email compromise - CEO fraud - attacks outright, as well as be able to spot and respond more quickly to any BEC attacks that get through? Incident responder David Stubley details essential defenses all businesses should put in place now.
What can organizations do to thwart business email compromise attacks? In an interview, David Stubley, CEO of the consultancy 7 Elements, outlines several key steps. He'll be a featured speaker at Information Security Media Group's Security Summit: London, to be held Sept. 23.
Barriers to getting into the business email compromise - aka CEO fraud - game continue to fall, with security vendor Digital Shadows finding that compromised email accounts for a company's finance department can typically be purchased via the black market for just $150 to $500.
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