Business email compromise scams continue to proliferate around the globe, with the U.S. now second only to Nigeria as a home base for the cybercriminal organizations waging the campaigns, according to a study by the security firm Agari.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
The 'work from anywhere' experience has fundamentally changed how we work - and how cyber adversaries leverage email as an attack vector. To adapt to this environment, organizations must deploy a holistic approach that focuses on email defense, awareness and response.
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A recently uncovered business email compromise scam that's targeting executives' Microsoft Office 365 accounts has hit over 150 organizations worldwide so far and netted the scammers about $15 million, according to incident response firm Mitiga.
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.
The move to Microsoft 365 (formerly known as Office 365) was rushed forward at record pace due to an overnight work-remote push globally. Looking back, cyber security agencies are recommending a revisit to configuration settings, a review of optional built-in enhancements and third-party bolt-on tools to provide that...
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.