The 'work from anywhere' experience has fundamentally changed how we work - and how cyber adversaries leverage email as an attack vector. Daniel McDermott and Gar O'Hara of Mimecast outline a holistic approach that focuses on email defense, awareness and response.
A data breach affecting the South African branch of credit reporting company Experian exposed information on 24 million consumers and almost 800,000 businesses, according to the South African Banking Risk Information Center. But Experian says no consumer credit or financial information was exposed.
To help mitigate the risks posed by business email compromise scams that target privileged users, enterprises need to create a detailed enterprise risk management plan that spells out procedures to secure accounts, says Espen Otterstad, CISO at Norwegian telematics company ABAX AS.
The operators behind the AgentTesla remote access Trojan have upgraded the infostealer with additional capabilities, including the ability to steal credentials from VPNs, web browsers, FTP files and email clients, Sentinel Labs reports. The low-cost malware is used in BEC scams and other campaigns.
A recently uncovered BEC scam has targeted the Office 365 accounts of executives at over 1,000 companies worldwide, collecting more than 800 sets of credentials in an attempt to commit payment fraud, according to Trend Micro.
The day after President Trump issued executive orders to ban Chinese-owned social media apps TikTok and WeChat, Sanjay Virmani of the FBI's San Francisco office shared insights on the Chinese cyberthreat, election security and crime trends in the wake of COVID-19.
A Premier League football club that was one of many UK sports organizations targeted by cybercriminals over the last 12 months was nearly bilked out of $1.2 million in a business email compromise scam, according to a new report that describes a variety of cyber schemes.
The U.S. Secret Service is combining its electronic and financial crime units into a single task force that will focus on investigating cyber-related financial crimes, such as BEC schemes and ransomware attacks. The move comes as lawmakers push for the Secret Service to take a more active role in fighting cybercrime.
A cyberespionage campaign that targeted aerospace and defense firms in Europe and the Middle East likely was the work of a hacking group with ties to North Korea, according to security firm ESET. Attackers also attempted a BEC-style scheme.
The attack sounds ripped from an episode of TV show "24": Hackers have infiltrated a government network, and they're days away from unleashing ransomware. Unfortunately for Florence, a city in Alabama, no one saved the day, and officials are sending $300,000 in bitcoins to attackers for a decryption key.
Europe is targeting financial and economic crime, including fraud and money laundering, via the new European Financial and Economic Crime Center, hosted by the EU's law enforcement intelligence agency Europol. Officials say the launch of such a center during the COVID-19 pandemic is no accident.
As organizations around the world have shifted to remote working, security teams are struggling with an unprecedented amount of novel threats originating in the inbox. From stealthy impersonation attempts to domain spoofing attacks targeting concerned teleworkers, traditional security controls are proving ill-equipped...
Fraudsters have conned Norfund, a private equity investment firm based in Oslo, Norway, out of more than $10 million in what the company calls an "advanced data breach." But the incident bears the hallmarks of a business email compromise scam.