Business email scams steal $2.3 billion via rogue wire transfers
Over the past two and a half years, cybercriminals have managed to steal over $2.3 billion from thousands of companies worldwide by using little more than carefully crafted scam emails. Known as business email compromise (BEC), CEO fraud or whaling, this type of attack involves criminals impersonating an organization’s chief executive officer, or some other […] more…Business email scams have led to $2.3 billion losses via rogue wire transfers
Over the past two and a half years, cybercriminals have managed to steal over $2.3 billion from thousands of companies worldwide by using little more than carefully crafted scam emails. Known as business email compromise (BEC), CEO fraud or whaling, this type of attack involves criminals impersonating an organization’s chief executive officer, or some other […] more…Winning the Game at McAfee: How Gamers Become Cybersecurity Workers
This blog was written by Jeff Elder. When Austin Ortega was 12, he and his brother fought over who got to play video games like Gorillas and Commander Keen on an old family computer his parents had bequeathed to them. Then one day, they broke it. Their dad brought to their Grapevine, Texas, home a stack […] more…Security Practitioners: 10 Signs You Need to be More Direct
Conflict isn’t Pleasant, But Sometimes it Can be Healthy and Necessary When Done Properly and Respectfully Living and working in different cultures gives you a broader perspective across a variety of different areas than you might have attained otherwise. It is one of the things I am most grateful for professionally and has taught me […] more…Health providers need new security focus to protect patient data
Incidents of cyber attacks against medical devices are inevitable, and healthcare providers are not prepared for the eventuality. In fact, in general, healthcare organizations are focusing all their efforts of protecting the wrong thing. Keeping patients safe should dictate providers’ security efforts, but healthcare organizations are more likely to take steps that protect data so […] more…Public-private partnership critical to thwarting cyber threats
While a set of more than 100 recommendations to help increase cybersecurity across the healthcare industry might seem like overkill, the co-chair of a task force that developed them believes the challenges are urgent and wide-ranging, requiring immediate and aggressive action. “There are so many areas that need to be addressed, quite frankly, given the […] more…Operation Ghoul: targeted attacks on industrial and engineering organizations
Introduction Kaspersky Lab has observed new waves of attacks that started on the 8th and the 27th of June 2016. These have been highly active in the Middle East region and unveiled ongoing targeted attacks in multiple regions. The attackers try to lure targets through spear phishing emails that include compressed executables. The malware collects […] more…Company CFOs Targeted The Most By BEC Schemes
It should not come as a surprise that company executives (particularly the CEO and President) and other revered high-level employees get to be impersonated often for criminal reasons. How can you say no when it’s the CEO asking? How can you not comply when it’s already the President specifically requesting? Gone are the days of […] more…US and European companies Top Targets of CEO Fraud
by Email Reputation Service Team The FBI has issued a warning on the dramatic increase of Business Email Compromise (BEC) scams, swindling over US$2.3 billion from companies worldwide, notably the US and Europe. The scams do not discriminate, with targets ranging from small businesses to large corporations. All the perpetrators need is the company executive’s email […] more…More information
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