Articles with tag like: business email compromise

Found 14 results in 609 milliseconds.

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

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

Toyota Boshoku Subsidiary loses over USD 37 million in BEC fraud

News | Digital Identity, Security & Online Fraud | 10 Sep 2019

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

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

News | Digital Identity, Security & Online Fraud | 29 Apr 2019

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

News | Digital Identity, Security & Online Fraud | 11 Apr 2019

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

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

Wire fraud schemes targeting US homebuyers

News | Digital Identity, Security & Online Fraud | 03 Sep 2018

US homebuyers have been targeted by scam wire transfers, where fraudsters trick them into sending payments to an offshore account, CNBC reported.

business email compromise, fraud wire transfers, US, online security, fraud prevention, malware, homebuyers

FBIs internet crime unit reports USD 1.4 bln in cyber-fraud losses

News | Digital Identity, Security & Online Fraud | 10 May 2018

Over 300k consumers announced cyber-fraud attacks to the FBI’s Internet Crime Complaint Center (IC3) in 2017, with reported losses exceeding USD 1.4 billion.

whaling, phishing, ransomware, Internet Crime Complaint Center, FBI, study, research, business email compromise

78 percent of organizations hit by payments fraud in 2017

News | Digital Identity, Security & Online Fraud | 11 Apr 2018

The 2018 AFP Payments Fraud Survey, underwritten by J.P. Morgan has revealed that payments fraud reached a new record in 2017: 78% of organizations were hit by fraud.

payment fraud, survey, report, J.P. Morgan, AFP, business email compromise, treasury

Italian football club fells for email scam and pays EUR 2 million to fraudsters

News | Digital Identity, Security & Online Fraud | 30 Mar 2018

Italian football Club Lazio has reportedly fallen for an email scam and paid EUR 2 million for defender Stefan de Vrij`s transfer to online fraudsters.

CEO fraud, bank transfer fraud, Italy, fraudsters, business email compromise