The FBI is warning businesses of the serious dangers posed by business email compromise (BEC) scams, saying that losses globally have risen by 136% since December 2016.
Read more in my article on the Bitdefender Business Insights blog.
Tag Archives | business email compromise
Form W-2 data thefts are rocketing, warns FBI
Businesses beware! Online criminals have ramped up their attempts to steal W-2 information from the finance and human resources departments of organisations, according to a warning issued by the FBI.
Read more in my article on the Hot for Security blog.
Business Email Compromise scammer sentenced to 41 months in prison
A US judge has sentenced a Nigerian man to three years and five months in a federal prison after he pleaded guilty to taking part in a business email compromise scam that targeted organisations around the world.
Read more in my article on the We Live Security blog.
How a missing smiley foiled a $70,000 email fraud
When hackers sent an email designed to steal thousands of dollars, they failed to make their message entirely convincing…
Read more in my article on the Tripwire State of Security blog.
Insecure Office 365 setups could be a ticking time bomb for your business
Messages your customers receive from a hacker who has already compromised your email system are going to look much more convincing, and could result in your clients transferring large sums of money into a scammer’s bank account and you losing customer trust and future business.
Read more in my article on the Bitdefender Business Insights blog.
How a single email stole $1.9 million from Southern Oregon University
Southern Oregon University has announced that it is the latest organisation to fall victim to a business email compromise attack, after fraudsters simply tricked the educational establishment into transferring money into a bank account under the fraudsters’ control.
Read more in my article on the Tripwire State of Security blog.
Email hackers cost couple their new home
A group of email hackers set off a chain of events that cost a couple the contract on their new home.
David Bisson reports.
Scammers target firms with W-2 phishing/CEO fraud blend
The IRS is warning organizations to be on the lookout for scammers that blend CEO fraud with W-2 phishing.
David Bisson reports.
How to turn the tables on fake CEO scammers
A security consultant reveals how he was able to find out information about a scammer, attempting to trick a company into making an urgent wire transfer.
Find out how your company can better protect itself from similar business email compromise attacks.
How one company lost $44 million through an email scam
One of the world’s leading wire and cable manufacturers, Leoni AG, has been swindled out of a jaw-dropping 40 million Euros (approximately US $44 million) after it was targeted by an email scammer.
Read more in my article on the Tripwire State of Security blog.
