Federal government agencies certainly are not immune from phishing scams, and Aaron Higbee of Cofense is focused on tackling the unique challenges that government faces in detecting and stopping the crimes.
Visser Precision, a U.S. manufacturer that supplies Boeing, Lockheed Martin, Tesla and SpaceX, appears to have been hit by the DoppelPaymer ransomware gang, which has begun leaking internal data and threatening to leak more unless the victim pays a ransom.
A business email compromise group targeting U.S. businesses is using G-Suite for their scams and collecting money through physical checks instead of wire transfers, according to the security firm Agari.
Cybercrime led to $3.5 billion in losses in the U.S. last year, with a sharp uptick in business email compromise scams - which accounted for nearly half those losses, according to a newly released FBI Internet Crime Report, which is based on complaints the FBI received.
As business email compromise schemes continue to evolve, some cybercriminals are focusing on accessing companies' financial documents, which provide useful information to support the theft of money, according to a new report from security firm Agari.
The FBI and local police are investigating how scammers posing as a contractor for a local bridge project tricked officials in a small Colorado town into electronically transferring over $1 million to a fraudulent account, according to the Denver Post.
Business email compromise scams continue to proliferate. Last week, Japanese media company Nikkei revealed that an employee made a $29 million fraudulent transfer as a result of a scam. And in a separate scam, the city of Ocala, Florida, suffered losses of over $742,000.
Many businesses don't seem to be able to block the ongoing scourge of sophisticated business email compromise schemes. "Incidents are just increasing; there's a huge volume of business email compromise," says David Stubley, CEO at 7 Elements, a security testing firm and consultancy.
Spanish authorities say they've arrested three individuals on charges of running a large-scale business email compromise scheme that targeted a dozen companies around the world to steal about $11 million.
Data breaches involving phishing and related email compromises persist as a top challenge for healthcare providers. So, what are some of the top trends emerging from these incidents?
Online attack threats continue to intensify, with criminals preferring ransomware, DDoS attacks and business email compromises, warns Europol, the EU's law enforcement intelligence agency. After numerous successful disruptions by police, criminals have responded by launching increasingly complex attacks.
Ransomware, business email compromises and the malicious insider threat: These are the three top concerns of Canadian attorney Imran Ahmad as he looks ahead to the cybersecurity legal landscape in 2020.
A newly discovered cybercriminal gang is putting a twist on business email compromise scams by initially targeting vendors or suppliers with phishing emails and then sending realistic-looking invoices to their customers, according to the security firm Agari, which labels the approach "vendor email compromise."
Barracuda is out with its latest Spear Phishing Update, and among the key findings: a rise in email account takeover and lateral phishing. Why are enterprise defenses failing to detect these strikes? What new solutions will improve defenses? Barracuda's Michael Flouton shares insights.
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