Ukrainian authorities arrested nine individuals for the theft of about $3.4 million from 5,000 Ukrainians via more than 400 phishing links. Cybercrime gang members allegedly obtained access to bank accounts under the guise of facilitating social safety net payments from the European Union.
For the seventh year in a row, business email compromise produced the largest losses of any type of cybercrime, according to Steve Dougherty of the U.S. Secret Service. He says organizations need to build and maintain relationships with law enforcement agencies before an attack happens.
Nearly 20,000 attacks. An average loss of $120,000 per attack. Billions of dollars sent to cybercriminals each year. Business email compromise is no joke, and it’s continuing to increase—despite increased awareness of the issue.
Why? Because the people behind these scams know how to trick humans, relying on...
"Credential phishing is off the charts," says Tonia Dudley of Cofense. She discusses the challenge for organizations to strike a balance between having the right controls in place to block malicious emails and stopping the business from receiving legitimate emails.
Abnormal Security is out with new financial crimes research, and it
shows that traditional business email compromise is evolving into
new forms of financial supply chain compromise. Crane Hassold
shares insights on the crimes and how best to detect, deter and
respond to them.
In a video interview with Information...
A new Android malware that can steal financial data, credentials, crypto wallets, personal data and cookies; bypass multifactor authentication codes; and remotely control infected devices is targeting online banking customers and financial institutions, cybersecurity researchers at F5 Labs say.
Phishing is no longer restricted to just emails. As attackers broaden their arsenal, businesses today also need to be on the lookout for impersonation attempts via SMS text messages or voice calls, says Roger Grimes, a data-driven defense evangelist at KnowBe4.
A recently identified Chinese hacking group dubbed Aoqin Dragon has been targeting government, education and telecommunication organizations in Southeast Asia and Australia since 2013 as part of an ongoing cyberespionage campaign, according to research from SentinelLabs.
A phishing campaign used stolen credentials to log into Facebook user accounts and send links leading to phishing pages to the victims' friends to harvest their credentials. Researchers detail the evasion techniques the threat actor allegedly used to likely make millions from the scam.
Memo to IT administrators: Don't store data in cloud in an unsecure manner. Security researchers at Secureworks have found more than 1,200 cloud-based, unsecured Elasticsearch databases that attackers wiped, leaving only a ransom note demanding Bitcoin in return for their restoration.
Police in Nigeria this week arrested a 37-year-old man who's been charged with masterminding "a criminal syndicate tied to massive business email compromise and phishing campaigns," Interpol says. But with known BEC losses last year exceeding $2.4 billion, will the arrest have a noticeable impact?
Financial services firms lose an average of $18.5 million per year through malicious activity like leaked credentials, payment fraud, money laundering, fake account registration, loyalty abuse, and more. Fraud prevention depends on effective intelligence gathering, and few firms have the tools or personnel to...
The new Expel Quarterly Threat Report provides data on what we’re seeing,
detection opportunities, and resilience recs to help protect your organization.
We’ll dive into the trends in this report, based on incidents the Expel security
operations center (SOC) team identified through investigations into...
The new Expel Quarterly Threat Report provides data on what we’re seeing,
detection opportunities, and resilience recs to help protect your organization.
We’ll dive into the trends in this report, based on incidents the Expel security
operations center (SOC) team identified through investigations into...
North Korean information technology workers have been attempting to obtain employment in public and private sectors in the United States to fund their home country's weapons of mass destruction and ballistic missiles programs, according to an advisory from U.S. federal agencies.
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