The U.S. Secret Service is combining its electronic and financial crime units into a single task force that will focus on investigating cyber-related financial crimes, such as BEC schemes and ransomware attacks. The move comes as lawmakers push for the Secret Service to take a more active role in fighting cybercrime.
A Nigerian entrepreneur has pleaded guilty to charges stemming from an $11 million business email compromise scheme that targeted a U.K. affiliate of U.S. heavy equipment manufacturer Caterpillar.
A cyberespionage campaign that targeted aerospace and defense firms in Europe and the Middle East likely was the work of a hacking group with ties to North Korea, according to security firm ESET. Attackers also attempted a BEC-style scheme.
The attack sounds ripped from an episode of TV show "24": Hackers have infiltrated a government network, and they're days away from unleashing ransomware. Unfortunately for Florence, a city in Alabama, no one saved the day, and officials are sending $300,000 in bitcoins to attackers for a decryption key.
Europe is targeting financial and economic crime, including fraud and money laundering, via the new European Financial and Economic Crime Center, hosted by the EU's law enforcement intelligence agency Europol. Officials say the launch of such a center during the COVID-19 pandemic is no accident.
Join experienced incident response investigators Shane Shook, PhD - Advisor & Venture Consultant, Forgepoint Capital, and Tim Keeler, Co-founder & CEO at Remediant, as they exchange war stories of stopping ransomware and lateral movement from past investigations.
They will also showcase a live demo of how state...
Fraudsters have conned Norfund, a private equity investment firm based in Oslo, Norway, out of more than $10 million in what the company calls an "advanced data breach." But the incident bears the hallmarks of a business email compromise scam.
Fraudsters are taking advantage of the uncertainty over the global COVID-19 pandemic to ramp-up business email compromise scams designed to steal money, the FBI and security researchers warn.
Nigerian cybercriminal gangs have become even more proficient in waging business email compromise attacks, according to an analysis from Palo Alto Network's Unit 42 that describes recent trends.
TA505, a notorious cybercriminal group believed to be operating in Russia, is using business email compromise tactics to target a new group of victims - HR departments, according to security researchers, who describe the new scheme.
Federal government agencies certainly are not immune from phishing scams, and Aaron Higbee of Cofense is focused on tackling the unique challenges that government faces in detecting and stopping the crimes.
It is hardly surprising that 94% of cyber-threats still originate in email.
Spear phishing, impersonation attacks, and account takeovers in particular remain fruitful avenues of attack for cyber-criminals aiming to infiltrate an organization with ease. Targeted email attacks of this kind, together with the...
Visser Precision, a U.S. manufacturer that supplies Boeing, Lockheed Martin, Tesla and SpaceX, appears to have been hit by the DoppelPaymer ransomware gang, which has begun leaking internal data and threatening to leak more unless the victim pays a ransom.
A business email compromise group targeting U.S. businesses is using G-Suite for their scams and collecting money through physical checks instead of wire transfers, according to the security firm Agari.
Cybercrime led to $3.5 billion in losses in the U.S. last year, with a sharp uptick in business email compromise scams - which accounted for nearly half those losses, according to a newly released FBI Internet Crime Report, which is based on complaints the FBI received.
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