business email compromise

bitdefender.com

Hackers steal $10M in “wonderfully done” fraud from Norway’s State Investment Fund

Norfund, the Norwegian state-owned investment fund for developing countries, has revealed that it has been swindled out of $10,000,000 intended for an institution in Cambodia.

Read more in my article on the Bitdefender Business Insight blog.

bitdefender.com

“Shark Tank” TV star loses almost $400,000 in Business Email Compromise scam

Barbara Corcoran, one of the business moguls who head up the judging team on US TV’s “Shark Tank” investment show, has lost nearly $400,000 to an email scammer.

Read more in my article on the Hot for Security blog.

Smashing Security podcast #167: Coronavirus scams and an exaggerated lion

Scammers from Africa are preying on US businesses, a drug dealer makes a mistake when hiding his Bitcoin fortune, and the Coronavirus pandemic is causing scams to soar and raising questions about facial recognition.

All this and much more is discussed in the latest edition of the award-winning “Smashing Security” podcast with Graham Cluley and Carole Theriault, joined this week by Naked Security’s Anna Brading.

bitdefender.com

Exaggerated Lion and Business Email Compromise – Don’t send that check!

Well done on training your staff not to wire money into the accounts of criminal fraudsters. Unfortunately they’re sending the money by check instead.

Read more in my article on the Bitdefender Business Insights blog.

tripwire.com

Puerto Rico government falls for $2.6 million email scam

As if Puerto Rico wasn’t having a hard enough time as it attempts to recover from recession, the damage caused by devastating hurricanes in recent years, and a damaging earthquake last month, it now finds itself being exploited by cybercriminals.

Read more in my article on the Tripwire State of Security blog.

bitdefender.com

Nikkei worker tricked into transferring $29 million into scammer’s bank account

Nikkei, one of the largest media companies in Japan, with an empire spanning broadcasting, digital media, magazines, and newspapers such as the Financial Times, says that its US subsidiary, Nikkei America, has been scammed out of $29 million.

Read more in my article on the Hot for Security blog.

bitdefender.com

Who is reading your CEO’s email? And how to stop it

With Business Email Compromise such a significant and growing threat, it makes sense to keep a close eye on who is forwarding email out of your business, and where it is going to…

Read more in my article on the Bitdefender Business Insights blog.

tripwire.com

Toyota parts supplier loses $37 million in email scam

Toyota Boshoku, a seating and interiors supplier for Toyota cars, has revealed that it was tricked into moving a large amount of money into a bank account controlled by scammers.

Read more in my article on the Tripwire State of Security blog.

Operation reWired: 281 suspected email scammers arrested around the world

Law enforcement agencies around the world have arrested a total of 281 people suspected of being behind a spate of Business Email Compromise (BEC) scams that have stolen millions of dollars from businesses and individuals.

bitdefender.com

The top reason businesses make a cyber insurance claim – Business Email Compromise

AIG, one of the largest insurance companies in the world, has issued a report which reveals that there is a new leader in the list of top threats causing losses for businesses.

Read more in my article on the Bitdefender Business Insights blog.

bitdefender.com

Fraudsters are trying to steal $8.7 million every single day through Business Email Compromise

Fraudsters are attempting to steal much more money through Business Email Compromise than previously believed.

Read more in my article on the Bitdefender Business Insights blog.

bitdefender.com

$1.7 million still missing after North Carolina county hit by business email compromise scam

Money intended for the construction of a brand new high school was instead placed in a bank account controlled by scammers by officials of a North Carolina county.

Read more in my article on the Hot for Security blog.

Smashing Security podcast #126: Zombie chickens and fast-food victims

What’s the worst that can happen if you join a Hollywood hard man’s Facebook page? What drove a man to hijack a website’s name at gunpoint? And can you solve the mystery of the Canadian Hamburglar?

Find out in the award-winning “Smashing Security” podcast with Graham Cluley, Carole Theriault, and special guest Mark Stockley from Naked Security.

Nine men arrested in United States for stealing millions through business email compromise and romance scams

Nine men have been arrested in the United States in connection with a string of scams that allegedly netted them a cool US $3.5 million.

Hackers steal $1.75 million from Catholic church in Ohio

Fraudsters hacked into email system, and tricked church staff into believing that a construction company’s bank account details had changed.

tripwire.com

Google and Facebook scammed out of $123 million by man posing as hardware vendor

Even the most tech savvy companies in the world can fall for business email compromise.

A Lithuanian man has this week pleaded guilty to tricking Google and Facebook into transferring over $100 million into a bank account under his control after posing as a company that provided the internet giants with hardware for their data centers.

Read more in my article on the Tripwire State of Security blog.