BEC scams - Security Ticks

Evolving cybercriminal tactics targeting SMBs

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Evolving cybercriminal tactics targeting SMBs 2024-10-21 at 07:01 By Help Net Security A recent Todyl report revealed a 558% increase in BEC (Business Email Compromise), AiTM (Adversary-in-the-Middle), and ATO (Account Takeover) attacks in 2024. In this Help Net Security video, David Langlands, Chief Security Officer at Todyl, discusses these evolving cyber threats. Here are the […]

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Losses due to cryptocurrency and BEC scams are soaring

BEC scams, Cryptocurrency, Don't miss, FBI, fraud, Hot stuff, News / SecurityTicks

Losses due to cryptocurrency and BEC scams are soaring 2024-09-12 at 14:01 By Zeljka Zorz Every type of fraud is on the rise, and 2023 was a particularly devastating year for victims of cryptocurrency and business email compromise (BEC) scams, according to the FBI. Cryptocurrency fraud Based on complaints filed to FBI’s Internet Crime Complaint

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Cybercriminals exploit file sharing services to advance phishing attacks

Abnormal Security, attacks, BEC scams, cybercrime, cybersecurity, News, phishing, report, survey / SecurityTicks

Cybercriminals exploit file sharing services to advance phishing attacks 2024-08-20 at 06:01 By Help Net Security Threat actors use popular file-hosting or e-signature solutions as a disguise to manipulate their targets into revealing private information or downloading malware, according to Abnormal Security. A file-sharing phishing attack is a unique type of phishing threat in which

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Scammers dupe chemical company into wiring $60 million

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Scammers dupe chemical company into wiring $60 million 2024-08-13 at 16:46 By Zeljka Zorz Orion S.A., a global chemical company with headquarters in Luxembourg, has become a victim of fraud: it lost approximately $60 million through “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third parties.” The scammers targeted an employee Orion

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The changes in the cyber threat landscape in the last 12 months

Artificial Intelligence, BEC scams, cybercrime, cybercriminals, dark web, Don't miss, EU, Europol, extortion, fraud, Hot stuff, News, phishing, Ransomware, sextortion / SecurityTicks

The changes in the cyber threat landscape in the last 12 months 2024-07-23 at 14:31 By Zeljka Zorz When it comes to the cyber threat landscape, change is the only constant: the inevitable interplay between cybercriminals and law enforcement agencies makes it inevitable. Europol’s recently released Internet Organised Crime Threat Assessment (IOCTA) 2024 report covers

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Strategies for combating AI-enhanced BEC attacks

access management, Artificial Intelligence, BEC scams, credentials, cybercrime, cybersecurity, Don't miss, Features, Hot stuff, News, opinion, remote working, scams, strategy, TeamViewer / SecurityTicks

Strategies for combating AI-enhanced BEC attacks 2024-05-21 at 07:31 By Mirko Zorz In this Help Net Security interview, Robert Haist, CISO at TeamViewer, discusses how AI is being leveraged by cybercriminals to enhance the effectiveness of BEC scams. How is AI being leveraged by cybercriminals to enhance the effectiveness of BEC scams? BEC attacks are

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56% of cyber insurance claims originate in the email inbox

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56% of cyber insurance claims originate in the email inbox 2024-04-25 at 13:01 By Help Net Security 56% of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management, according to Coalition. The 2024 Cyber

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How CISOs tackle business payment fraud

Artificial Intelligence, BEC scams, CISO, cybersecurity, Don't miss, Email, fraud, Hot stuff, supply chain, Trustmi, Video / SecurityTicks

How CISOs tackle business payment fraud 2024-03-28 at 07:01 By Help Net Security In this Help Net Security video, Shai Gabay, CEO of Trustmi, discusses why payments are a source of cyber worry for CISOs. CISOs are worried about Business Email Compromise (BEC), cyber attackers’ use of AI, and securing the supply chain. These are

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Email security trends in the energy and infrastructure sector

Abnormal Security, attacks, BEC scams, critical infrastructure, cybersecurity, Don't miss, Email, email security, energy sector, Hot stuff, risk, Video / SecurityTicks

Email security trends in the energy and infrastructure sector 2024-03-11 at 09:07 By Help Net Security In this Help Net Security video, Mike Britton, CISO at Abnormal Security, discusses how energy and infrastructure organizations face an increased risk of business email compromise and vendor email compromise attacks. According to Abnormal Security data, from February 2023

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European retailer Pepco loses €15.5 million in phishing (possibly BEC?) attack

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European retailer Pepco loses €15.5 million in phishing (possibly BEC?) attack 2024-02-28 at 16:34 By Zeljka Zorz Pepco Group has confirmed that its Hungarian business has been hit by a “sophisticated fraudulent phishing attack.” The European company, which operates shops under the Pepco, Poundland and Dealz brands, said that the company lost approximately €15.5 million

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Understanding employees’ motivations behind risky actions

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Understanding employees’ motivations behind risky actions 2024-02-28 at 07:31 By Help Net Security More 68% of employees knowingly put their organizations at risk, potentially leading to ransomware or malware infections, data breaches, or financial loss, according to Proofpoint. Perception on security responsibility And while the incidence of successful phishing attacks has slightly declined (71% of

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Secure email gateways struggle to keep pace with sophisticated phishing campaigns

BEC scams, Cofense, credentials, cybercrime, Email, News, phishing, QR codes, report / SecurityTicks

Secure email gateways struggle to keep pace with sophisticated phishing campaigns 2024-02-23 at 07:02 By Help Net Security In 2023, malicious email threats bypassing secure email gateways (SEGs) increased by more than 100%, according to Cofense. In just two years, Cofense identified over 1.5 million malicious emails bypassing their customers’ SEGs, signaling a 37% increase

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Flipping the BEC funnel: Phishing in the age of GenAI

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Flipping the BEC funnel: Phishing in the age of GenAI 2024-01-15 at 08:02 By Help Net Security For years, phishing was just a numbers game: A malicious actor would slap together an extremely generic (and usually poorly-written) email and fire it out to thousands of recipients in the hope that a few might take the

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Attackers abuse OAuth apps to initiate large-scale cryptomining and spam campaigns

account hijacking, BEC scams, cryptojacking, Don't miss, Hot stuff, Microsoft, Microsoft 365, Microsoft Azure, Microsoft Entra ID, News, OAuth, phishing, spam / SecurityTicks

Attackers abuse OAuth apps to initiate large-scale cryptomining and spam campaigns 13/12/2023 at 16:46 By Helga Labus Attackers are compromising high-privilege Microsoft accounts and abusing OAuth applications to launch a variety of financially-motivated attacks. Abusing OAuth applications OAuth is an open standard authentication protocol that uses tokens to grant applications access to server resources without

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SMBs face surge in “malware free” attacks

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SMBs face surge in “malware free” attacks 28/11/2023 at 12:51 By Helga Labus “Malware free” attacks, attackers’ increased reliance on legitimate tools and scripting frameworks, and BEC scams were the most prominent threats small and medium businesses (SMBs) faced in Q3 2023, says the inaugural SMB Threat Report by Huntress, a company that provides a

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Cyber insurance predictions for 2024

BEC scams, cyber insurance, cybersecurity, Don't miss, Hot stuff, Optiv Security, predictions, Ransomware, Video / SecurityTicks

Cyber insurance predictions for 2024 16/11/2023 at 08:01 By Help Net Security In this Help Net Security video, Dara Gibson, Senior Cyber Insurance Manager at Optiv, discusses cyber insurance and what we should expect to see in 2024: Ransomware, BEC, and pixel privacy claims will remain at the forefront of cyber insurance claims Cyber insurance

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Cyberattacks on healthcare organizations affect patient care

BEC scams, cyberattack, cybercrime, cybersecurity, healthcare, News, Ponemon Institute, Proofpoint, Ransomware, report, supply chain attacks, survey / SecurityTicks

Cyberattacks on healthcare organizations affect patient care 17/10/2023 at 06:32 By Help Net Security 88% of organizations experienced an average of 40 attacks in the past 12 months, according to a survey conducted by the Proofpoint and Ponemon Institute. Supply chain attacks: Leading patient care risk The average total cost of a cyberattack experienced by

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Microsoft Defender can automatically contain compromised user accounts

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Microsoft Defender can automatically contain compromised user accounts 12/10/2023 at 15:32 By Helga Labus The “contain user” feature select Microsoft Defender for Endpoint customers have been trying out since November 2022 is now available to a wider pool of organizations, Microsoft has announced. The feature aims to help organizations disrupt human-operated attacks like ransomware, business

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Evolving conversations: Cybersecurity as a business risk

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Evolving conversations: Cybersecurity as a business risk 03/10/2023 at 08:03 By Help Net Security Board members often lack technical expertise and may not fully grasp cyber risks. On the other hand, CISOs are more accustomed to interfacing with IT staff. This is understandable; the board is responsible for guiding high-level decision-making. They rarely become involved

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Spam is up, QR codes emerge as a significant threat vector

BEC scams, cybercrime, cybercriminals, cybersecurity, Email, email security, News, phishing, report, survey, VIPRE Security / SecurityTicks

Spam is up, QR codes emerge as a significant threat vector 04/09/2023 at 07:31 By Help Net Security 85% of phishing emails utilized malicious links in the content of the email, and spam emails increased by 30% from Q1 to Q2 2023, according to a VIPRE report. Information technology organizations also overtook financial institutions (9%)

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