An ever-evolving and rampant form of cybercrime that targets emails as the potential medium to conduct fraud is known as Business Email Compromise. Targeting commercial, government as well as non-profit organizations, BEC can lead to huge amounts of data loss, security breach, and compromised financial assets. It is a common misconception that cybercriminals usually lay their … [Read more...] about How to Fight Business Email Compromise (BEC) with Email Authentication?
Three Nigerian citizens suspected of being members of an organized cybercrime group behind distributing malware, carrying out phishing campaigns, and extensive Business Email Compromise (BEC) scams have been arrested in the city of Lagos, Interpol reported yesterday. The investigation, dubbed "Operation Falcon," was jointly undertaken by the international police organization … [Read more...] about Interpol Arrests 3 Nigerian BEC Scammers For Targeting Over 500,000 Entities
The Threatpost team breaks down the strangest security stories this week - from Cartoon Network hacked to show stripper videos, to a church being scammed out of $1.75 million. Source link … [Read more...] about News Wrap: Cartoon Network Hack, the Catholic Church and Jason Statham Scams
An Ohio parish lost a whopping $1.75 million after attackers breached two employees' email accounts - and then tricked other employees into sending wire transfers to a fraudulent bank account. Source link … [Read more...] about BEC Hack Cons Catholic Church Out of $1.75 Million
Overall, in 2018 the FBI received more than 351k reported scams with losses exceeding $2.7 billion. Source link … [Read more...] about FBI: BEC Scam Losses Almost Double To Reach $1.2 Billion