business email compromise – Page 2 – PossibleThreat Articles

Man jailed for $122 million scam that fooled Google and Facebook

December 23, 2019 0 Comments BEC scams, business email compromise, email fraud, facebook, fake invoice, Google, IC3, Law & order, whaling, whaling attack

Credit to Author: John E Dunn| Date: Mon, 23 Dec 2019 10:35:28 +0000

Lithuanian Evaldas Rimasauskas has been sentenced to five years in jail for successfully defrauding two US companies out of $122 million.<img src=”http://feeds.feedburner.com/~r/nakedsecurity/~4/D5CAYrR74gs” height=”1″ width=”1″ alt=””/>

MalwareBytes Security

Not us, YOU: vendor email compromise explained

November 7, 2019 0 Comments account takeover, acid, agari, agari cyber intelligence division, ATO, BEC, Business, business cyberattacks, business email compromise, business threats, nigerian scammer, phishing, silent starling, Social engineering, vec, vendor email compromise

Credit to Author: Jovi Umawing| Date: Thu, 07 Nov 2019 21:49:16 +0000

Vendor email compromise (VEC) is a new cybersecurity term for a familiar practice, taken to the thousandth degree. Learn the similarities with business email compromise and how your organization can protect against them both.

Categories:

Business

Tags: account takeover ACID Agari Agari Cyber Intelligence Division ATO bec business cyberattacks Business Email Compromise business threats Nigerian scammer phishing Silent Starling Social Engineering VEC vendor email compromise

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The post Not us, YOU: vendor email compromise explained appeared first on Malwarebytes Labs.

Security Sophos

Florida city sends $742K to fraudsters as it bites the BEC hook

November 5, 2019 0 Comments BEC, business email compromise, Florida, Government security, ocala, ocala international airport, phishing, security threats

Credit to Author: Lisa Vaas| Date: Tue, 05 Nov 2019 12:43:11 +0000

“Here’s our new bank account number,” the scammers said. When the real construction firm sent their invoice, payment was made to the crooks.<img src=”http://feeds.feedburner.com/~r/nakedsecurity/~4/jj_w1wR5CJo” height=”1″ width=”1″ alt=””/>

Security Sophos

Phishers strike at mobile wellness app company

October 25, 2019 0 Comments BEC, business email compromise, evergreen life, phishing, phishing attack, security threats, wellness

Credit to Author: Danny Bradbury| Date: Fri, 25 Oct 2019 12:35:36 +0000

What were the phishers after? People’s login details for Office 365.<img src=”http://feeds.feedburner.com/~r/nakedsecurity/~4/VrgS1241pEg” height=”1″ width=”1″ alt=””/>

MalwareBytes Security

Europol: Ransomware remains top threat in IOCTA report

October 14, 2019 0 Comments Awareness, BEC, business email compromise, child sexual exploitation, cse, DDoS, europol, fraud, internet organized crime threat assessment, iocta, phishing, Ransomware, spear phishing

Credit to Author: Malwarebytes Labs| Date: Mon, 14 Oct 2019 16:00:00 +0000

The European Union Agency for Law Enforcement Cooperation, or Europol, just released its annual Internet Organized Crime Threat Assessment (IOCTA) report. We highlight their key findings and remind readers how to better protect themselves.

Categories:

Awareness

Tags: bec Business Email Compromise child sexual exploitation cse ddos europol fraud internet organized crime threat assessment iocta phishing ransomware spear phishing

Security Sophos

Massive email fraud bust snares 281 suspects

September 12, 2019 0 Comments BEC, business email compromise, dating sites, email, Law & order, money mules, Operation reWired, PII, Romance Scams, security threats, tax refunds, tax returns

Credit to Author: Lisa Vaas| Date: Thu, 12 Sep 2019 10:49:20 +0000

Operation reWired=tired cops worldwide! 167 suspects were cuffed in Nigeria and 74 in the US, among 8 other countries.<img src=”http://feeds.feedburner.com/~r/nakedsecurity/~4/NtExc1bJlLg” height=”1″ width=”1″ alt=””/>

MalwareBytes Security

When corporate communications look like a phish

September 9, 2019 0 Comments anti-phishing, BEC, Business, business email compromise, corporate communications, email communications, emails, phishing, phishing training, training and awareness program

Credit to Author: William Tsing| Date: Mon, 09 Sep 2019 15:36:11 +0000

Before organizations engage in gnashing of teeth over the “ignorant user” and the cost of training, think about how much email users encounter and whether corporate communications look like phishes themselves.

Categories:

Business

Tags: anti-phishing bec Business Email Compromise corporate communications email communications emails phishing phishing training training and awareness program

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The post When corporate communications look like a phish appeared first on Malwarebytes Labs.

Security Sophos

Quick thinking by Portland Public Schools stops $2.9m BEC scam

August 22, 2019 0 Comments BEC, business email compromise, Portland Public Schools, Uncategorized

Credit to Author: Danny Bradbury| Date: Thu, 22 Aug 2019 20:18:44 +0000

Employees at Portland Public Schools were breathing easier this week after thwarting a business email compromise (BEC) scam that could have cost them almost $3m.<img src=”http://feeds.feedburner.com/~r/nakedsecurity/~4/-aX8yPRl9QI” height=”1″ width=”1″ alt=””/>

Security Sophos

North Carolina county falls for BEC scam, to the tune of $1,728,083

August 1, 2019 0 Comments BEC scams, business email compromise, Cabarrus County, fraud, Government security, Law & order, North Carolina, phishing, Scam, security threats, spearphishing, whaling

Credit to Author: Lisa Vaas| Date: Thu, 01 Aug 2019 11:00:50 +0000

The county could only claw back some of the $2,504,601 it paid to a scammer posing as a contractor working on building a new high school.<img src=”http://feeds.feedburner.com/~r/nakedsecurity/~4/h5cAeqdGji8″ height=”1″ width=”1″ alt=””/>