Articles with tag: business email compromise

Found 11 results in 182 milliseconds.

Cosmic Lynx responsible for more than 200 BEC attacks against corporations

08 Jul 2020 | Digital Identity, Security & Online Fraud

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

24 Apr 2020 | Digital Identity, Security & Online Fraud

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

24 Mar 2020 | Digital Identity, Security & Online Fraud

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

BEC scammers steal USD 29 million from media company Nikkei

04 Nov 2019 | Digital Identity, Security & Online Fraud

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

08 Oct 2019 | Digital Identity, Security & Online Fraud

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

Toyota Boshoku Subsidiary loses over USD 37 million in BEC fraud

10 Sep 2019 | Digital Identity, Security & Online Fraud

One of Toyota`s European subsidiary has lost over USD 37 million following a business email compromise (BEC) attack.

BEC fraud, business email compromise, CEO fraud, online security, transfers, Toyota, Europe, fraud prevention

CelebrEIGHT cyber security training

23 Aug 2019 | Expert Opinion

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

Hundreds of millions of insurance records exposed by First American Financial

27 May 2019 | Digital Identity, Security & Online Fraud

First American Financial, a large insurance company, has leaked hundreds of millions of documents related to mortgage deals going back to 2003.

data breach, exposed records, online security, Brian Krebs, Business Email Compromise fraud, BEC scams, First American Financial, US

FBIs annual security report shows cyber-enabled costs rose in 2018

29 Apr 2019 | Digital Identity, Security & Online Fraud

The statistics gathered by the FBI’s Internet Crime Complaint Center (IC3) revealed that Internet-enabled theft was responsible for over USD 2.7 billion in financial losses in 2018.

business email compromise, confidence fraud, cybercrime, FBI, US, fraud prevention, online security

82 percent of organizations reported payment fraud incidents in 2018

11 Apr 2019 | Digital Identity, Security & Online Fraud

An AFP research has revealed that a record 82% of organizations reported payment fraud incidents in 2018.

JP Morgan, survey, report, AFP, payment fraud, Business Email Compromise

Microsoft and Amazon the most impersonated brands in email attacks

05 Nov 2018 | Digital Identity, Security & Online Fraud

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