A large-scale phishing-as-a-service operation is shifting tactics to allow attackers to avoid anomaly detection by using localized IP addresses, warns Microsoft. The U.S. Secret Service has reported that BEC incidents cost global enterprises more than $43 billion in losses over a five-year span.
While historically the origin of most business email compromise (BEC) attacks has been West Africa, residing in Nigeria certainly isn’t a requirement for BEC attackers. Indeed, the subject of this report is a sophisticated threat group based in Israel.
The group is unique in that they impersonate executives and...
As you undergo changes in your environment, including expanding to the cloud even more, your attack surface gets wider. And you still need to know what’s happening – everywhere, all the time.
Whether you’re new to the cloud or deep into your migration, the cloud is, well, cloudy. The fact is, keeping up with...
Cybersecurity is forever a growing concern for organisations of all sizes. The challenges include a spike in threats, the evolving technology landscape that increases the threat surface, the impact of regulation, too many isolated point products, and a lack of skills and budget for adequate defence.
Companies are...
Over a five-year span, reported BEC incidents cost global enterprises more than $43 billion in losses. This trend has the attention of the U.S. Secret Service. Agents Kevin Cooke and Abigail Tyrrell discuss why law enforcement partnerships and speed of response are more critical than ever.
Watch this 45-minute webinar and listen to the conversation where we delve into current threat trends and provide real-world examples of these attacks, enabling you to better prepare for and safeguard your most valuable assets: your data and your people.
A U.S. federal judge sentenced a Nigerian national to four years in prison for running several cyber-enabled schemes aimed at defrauding U.S. citizens out of more than $1 million. The men were arrested four years ago and extradited to Arizona in 2022 from Malaysia and the United Kingdom.
Stung by the FBI's infiltration and takedown of the Hive ransomware group, other ransomware operators have been retooling their approaches to make their attacks more effective and operations tougher to disrupt, says Yelisey Bohuslavskiy, chief research officer at threat intelligence firm Red Sense.
CISOs have faced a broad and varied set of challenges in recent years. Remote environments, increasingly sophisticated threats and expanding supply chains are just some of the many concerns keeping them up at night.
Cybercriminals have been launching attacks against our people, networks, and services for decades with varying success. So, the need to realign our defences to meet the demands of evolving threats is nothing new.
Great eXpeltations is Expel’s annual report sharing the most significant data from our security operations center (SOC) in our threat detection and response efforts. It curates that data into trends that can impact your cybersecurity posture and offers resilience recommendations to protect your organisation and what...
A leader of an international crime network that attempted to launder more than $25 million in fraudulently obtained funds, including through business email compromise, received a sentence of more than a decade in prison. Valentine Iro, 34, pleaded guilty to conspiracy to engage in money laundering.
Business email compromise (BEC), also known as email fraud, is one of cybersecurity’s costliest and least understood threats. As BEC schemes have evolved, industry nomenclature has outlived its usefulness. Without a framework to describe and break down BEC attacks—let alone conceptualize them—researching and...
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