Articles with tag like: BEC

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Cosmic Lynx responsible for more than 200 BEC attacks against corporations

News | Digital Identity, Security & Online Fraud | 08 Jul 2020

Cosmic Lynx, a new group believed to be from the Russian cybercriminal space, has been responsible for more than 200 BEC attacks since July 2019, according to Agari researchers.

Cosmic Lynx, Russia, BEC, cybercrime, cybercriminals, business email compromise, return on investment, social engineering attacks, BEC attacks, FBI IC3 report, Fortune 500, Global 2000

GlobeX Data to protect against coronavirus-related BEC scams

News | Digital Identity, Security & Online Fraud | 24 Apr 2020

Switzerland-based cybersecurity service provider GlobeX Data has announced that it is planning to launch a new service against BEC (Business Email Compromise) attacks. 

GlobeX Data, coronavirus, BEC, business email compromise, cybersecurity service provider, COVID-19, Switzerland, WFH, home internet security, cyberattacks, Association for Financial Professionals, payment fraud

GIACT: Business Email Compromise, still a growing threat

News | Digital Identity, Security & Online Fraud | 24 Mar 2020

Business Email Compromise (BEC) has become an increasingly sophisticated and elusive fraud tactic, according to a new report from GIACT.

business email compromise, BEC, social engineering, malware, fraud detection, account takeover, survey

Internet fraud cost Americans USD 3.5 mln in 2019, FBI says

News | Digital Identity, Security & Online Fraud | 13 Feb 2020

Via an annual report on cybercrime, FBI has revealed that criminals are focusing on previously successful internet scams to defraud businesses and individuals in the US. 

cyberscams, ransomware, FBI, fraud, cybercrimes, US, phishing, BEC, threats, account compromise, financial information

Aging reporting used by scammers for Business Email Compromise

News | Digital Identity, Security & Online Fraud | 15 Jan 2020

Ancient Tortoise has been targeting accounts receivable specialists by tricking them into sending over aging reports and thus collecting info on customers they can scam in later attack stages.

Ancient Tortoise, BEC, fraud prevention, aging reports, accounts receivables, Agari Cyber Intelligence Division, ACID

BEC scammers steal USD 29 million from media company Nikkei

News | Digital Identity, Security & Online Fraud | 04 Nov 2019

Nikkei has lost USD 29 million dollars after an employee of the Nikkei America subsidiary was tricked by scammers to send the funds to a bank account they controlled.

Nikkei, BEC, fraud prevention, business email compromise, Email Account Compromise, CEO fraud, CEO impersonation

Business Email Compromise attacks still on the rise

News | Digital Identity, Security & Online Fraud | 08 Oct 2019

The latest Email Security Risk Assessment (ESRA) from Mimecast (MIME) has found that there is a significant increase in Business Email Compromise (BEC) attacks.

fraud prevention, online security, email security, Mimecast, business email compromise, BEC, malware, spam

CelebrEIGHT cyber security training

Voice of the Industry | Expert Opinion | 23 Aug 2019

Paul Caulfield, Executive Vice President and Chief Risk Officer at IDB Bank, offers valuable market intelligence and must do`s for an effective cyber security program

Paul Caulfield, IDB Bank, cyber security, fraud prevention, market intelligence, financial crime, CEO email scams, business email compromises, BEC, phishing, vishing

Microsoft and Amazon the most impersonated brands in email attacks

News | Digital Identity, Security & Online Fraud | 05 Nov 2018

Nearly two-thirds of all advanced email attacks have used emails impersonating Microsoft or Amazon, according to new research by Agari.

Agari, Microsoft, AI, product launch, phishing attacks, BEC, business email compromise, online security, Amazon, study

Agari releases automated email security solution to fight phishing attacks

News | Digital Identity, Security & Online Fraud | 24 Sep 2018

Agari, a cloud-native solution that uses predictive AI to stop advanced email attacks, has announced its Fall ‘18 Release, an automated email security solution.

Agari, email threat protection, AI, product launch, phishing attacks, BEC, business email compromise, online security

BEC ransomware menace on the rise, PwC warns

News | Digital Identity, Security & Online Fraud | 27 Jun 2018

PricewaterhouseCoopers (PwC) has warned organisations and individuals about the rising Business Email Compromise (BEC) rates.

BEC, wire transfers, fraud prevention, email scam, study, PricewaterhouseCoopers, PwC