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How HTML Attachments and Phishing Are Used In BEC Attacks

Traditionally, BEC attacks have used keyloggers to steal saved account information from target machines. However, using an executable file for the attachment usually flags a user not to click them as there is a high chance that the file is malicious. As a result, we’ve seen a trend wherein the attached files are no longer executable files but HTML pages: Fi
Publish At:2017-07-27 16:35 | Read:480 | Comments:0 | Tags:Social Targeted Attacks BEC HTML attachments phishing

Lithuania to extradite the man responsible for 100M email scam against Google and Facebook

A Lithuanian court on Monday ruled the extradite of a man to the US to face charges of allegedly swindling $100M from Google and Facebook via email scam. A Lithuanian man who is allegedly responsible for a $100 million scam (roughly 87 million euros) from tech companies Google and Facebook will be extradited to the United States soon. The Lithuanian citizen 
Publish At:2017-07-18 14:45 | Read:404 | Comments:0 | Tags:Breaking News Cyber Crime BEC email scam Facebook Google Hac

BEC Scams Cause Major Economic Losses at Businesses

Despite the recent uptick in cybersecurity awareness with attacks like WannaCry and its aftershocks, email continues to pose high levels of risk to businesses. Cybercriminals are aware that usually the risk is proportional to the reward. With this in mind, they are refining their scamming techniques to compromise email accounts and impersonate employees, esp
Publish At:2017-07-12 21:10 | Read:348 | Comments:0 | Tags:Security b2b bec spear phishing

Reading the 2016 Internet Crime Complaint Center (IC3) report

According to 2106 Internet Crime Complaint Center (IC3) report, 298,728 complaints were received in 2016 totaling more than $1.3 billion in financial loss. According to the new edition of the Internet Crime Complaint Center (IC3) report, 298,728 complaints were received in 2016 totaling more than $1.3 billion in financial loss. The annual FBI’s Internet Crim
Publish At:2017-06-26 08:45 | Read:580 | Comments:0 | Tags:Breaking News Cyber Crime Reports BEC Cybercrime IC3 Interne

CEO Fraud Email Scams Target Healthcare Institutions

A series of Business Email Compromise (BEC) campaigns that used CEO fraud schemes was seen targeting 17 healthcare institutions in the US, ten in the UK, and eight in Canada over the past two weeks. These institutions range from general hospitals and teaching hospitals to specialty care and walk-in clinics. Even pharmaceutical companies were not safe from th
Publish At:2016-11-24 02:35 | Read:1083 | Comments:0 | Tags:Malware Targeted Attacks BEC business email compromise CEO f

BEC Scammers Building Rapport with Victims to Improve Chances of Success

Business email compromise (BEC) scammers are now focusing on building rapport with victims to increase their chances of success.Just as a little background, a BEC scam begins with an actor launching spear-phishing or whaling attacks against a senior, C-level executive. If the attack proves successful, the actor spends some time researching how the company pr
Publish At:2016-11-10 23:05 | Read:878 | Comments:0 | Tags:Latest Security News BEC Phishing scam social engineering wh

Nigerian Mastermind Scammer Arrested for Stealing $60M from Victims

Authorities have arrested a Nigerian mastermind scammer for leading an international criminal network’s efforts to steal $60 million from its victims.INTERPOL arrested the 40-year-old Nigerian national, known as “Mike,” in June 2016 after law enforcement officers received a report containing actionable intelligence from Trend Micro, a strat
Publish At:2016-08-03 13:00 | Read:778 | Comments:0 | Tags:Latest Security News BEC EFCC INTERPOL scammer

Security week-in-review: President introduces schema for rating cyber incidents

It’s hard to keep up with the hundreds of security-specific headlines published every week. So, we’re rounding up the top news that affect you, your business, and the security and technology industry overall. This week we explore a new cybersecurity incident response plan from the U.S. government, the FBI most wanted list for cyber criminals, and more. Che
Publish At:2016-07-30 10:30 | Read:1210 | Comments:0 | Tags:Security BEC FBI LastPass most wanted White House

American company lost $100 million to BEC fraud

US prosecutors confirmed on Thursday that an American firm lost nearly $100 million in a BEC (business email compromise) scam. The Reuters Agency reported that an unidentified American company was the victim of a clamorous email fraud, scammers have stolen from the firm nearly $100 million. According to the US authorities, fraudsters used a fake email addres
Publish At:2016-04-17 12:35 | Read:1018 | Comments:0 | Tags:Breaking News Cyber Crime BEC Business Email Compromise Cybe

Olympic Vision BEC attacks target businesses worldwide with keyloggers

Trend Micro discovered a Business Email Compromise Campaign leveraging on the Olympic Vision keylogger that targets Middle East and Asia Pacific Companies. A new malware-based campaign is targeting key employees from companies in the US, Middle East and Asia. The attackers are using malware in a classic business email compromise (BEC) attack in order to hija
Publish At:2016-03-20 19:05 | Read:960 | Comments:0 | Tags:Breaking News Cyber Crime Hacking Malware BEC Business Email

Battling Business Email Compromise Fraud: How Do You Start?

What will you do if an executive in your company gives you instructions to wire money for a business expense? On email? In a world where cybercriminals devise devious social engineering and computer intrusion schemes to fool employees into wiring money, enterprises run a very serious risk of getting scammed via email. This emerging global threat is known as
Publish At:2016-01-26 18:20 | Read:1273 | Comments:0 | Tags:Malware Targeted Attacks BEC business email compromise CEO f

New Phish Kit Techniques, E-Commerce Scam Potential, Financial Extortion Increase, and more | TWIC - November 6, 2015

<img alt="TWIC_branding" src="http://info.phishlabs.com/hs-fs/hub/326665/file-1326531266-png/TWIC_branding.png" style="width: 225px;" width="225"> <p><em>Each week, the PhishLabs team posts The Week in Cybercrime (TWIC) to recap noteworthy cybercrime articles and reports (open source).</em></p> <p></p> <ul&g
Publish At:2015-11-07 07:55 | Read:905 | Comments:0 | Tags:Phishing PhishLabs Exploit Strategy Phish Kit The Week in Cy

Scammers up Their Game with New BEC Attacks

<p><img align="right" alt="BEC_Tactics_2" src="http://info.phishlabs.com/hubfs/blog-files/BEC_Tactics_2.png" style="width: 237px; float: right;" width="237"></p> <p>BEC is an acronym for "business email compromise." BEC refers to social engineering attacks used to convince those in charge of finances at an organization to send large
Publish At:2015-10-30 01:55 | Read:962 | Comments:0 | Tags:BEC

DDoS Bank Attacks, Ashley Madison BEC Targeting, Dark Web Vulnerability, and more | TWIC - August 28, 2015

<img alt="TWIC_branding" src="http://info.phishlabs.com/hs-fs/hub/326665/file-1326531266-png/TWIC_branding.png" style="width: 225px;" width="225"> <p><em>Each week, the PhishLabs team posts The Week in Cybercrime (TWIC) to recap noteworthy cybercrime articles and reports (open source).</em></p> <p></p> <ul&g
Publish At:2015-08-29 05:35 | Read:912 | Comments:0 | Tags:Phishing PhishLabs DDoS Hacker Tools The Week in Cybercrime

BEC Scam Results in $39.1 Million Loss for Ubiquiti Networks

A Business Email Compromise (BEC) scam has resulted in a $39.1 million loss for Ubiquiti Networks, an American technology company that manufactures wireless networking products.On August 6th, Ubiquiti Networks issued a press release summarizing the results of its fourth fiscal quarter of 2015, which ended on June 30, 2015. The company reveals in that stateme
Publish At:2015-08-07 12:45 | Read:1172 | Comments:0 | Tags:Latest Security News BEC scam social engineering Ubiquiti Ne

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