Remove state-of-security what-know-about-business-email-compromise-bec-scams
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MY TAKE: Why email security desperately needs retooling in this post-Covid 19, GenAI era

The Last Watchdog

It’s a digital swindle as old as the internet itself, and yet, as the data tells us, the vast majority of security incidents are still rooted in the low-tech art of social engineering. Related: AI makes scam email look real Fresh evidence comes from Mimecast’s “The State of Email and Collaboration Security” 2024 report.

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Generative AI Changes Everything You Know About Email Cyber Attacks

CyberSecurity Insiders

Social engineering – specifically malicious cyber campaigns delivered via email – remain the primary source of an organization’s vulnerability to attack. Popularised in the 1990s, email security has challenged cyber defenders for almost three decades. billion phishing e-mails get delivered every day.

Insiders

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Town Sends 15% of Annual Budget to Cybercriminals

SecureWorld News

million being transferred to foreign internet scam artists. Since the town's budget is about $15.8 Details of the BEC attack. As it turns out, the scammers used fake email to pose as ConVal, where the actors then routed the payment into their bank account. That is approximately 15% of the town's annual budget.

Scams 91
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Hacker Personas Explained: Know Your Enemy and Protect Your Business

Webroot

In today’s rapidly evolving cybersecurity landscape, the battle for privacy and security is relentless. Cybercriminals are masters at using technology and psychology to exploit basic human trust and compromise businesses of all sizes. Each one has their own methods and protecting against them requires a multi-layered approach.

Scams 108
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Cybercriminals Upping the Ante on Ransomware

SecureWorld News

But SecureWorld did just that on October 13th when we spoke with Theresa Payton on the topic of "Ransomware: Malware as an Ongoing Email Issue." But SecureWorld did just that on October 13th when we spoke with Theresa Payton on the topic of "Ransomware: Malware as an Ongoing Email Issue." Why is ransomware a popular attack method?

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Key Learnings from 20th Annual Detroit Conference

SecureWorld News

Our speakers discussed a range of hot cyber topics, including business email compromise (BEC) scams, cyber warfare, Zero Trust, burnout, and so much more. The two discussed BEC attacks, cryptocurrency fraud, and the investigative powers the Secret Service has when it comes to these incidents.

InfoSec 94
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Hushpuppi Pleads Guilty: Sentence Estimate? 11-14 Years

Security Boulevard

I've actually never seen a plea agreement with so much redacting, but we can still see SOME of what he is pleading to in the 29 page plea agreement that was posted today on PACER, the Public Access to Court Electronic Records. the BEC funds stolen from a law firm in New York State, . What were these Overt Acts 1 to 17?

Banking 93