This week's ISMG Security Report analyzes the cost of business email compromise attacks and the recent arrest of dozens of suspects. Also featured: updates on the easy availability of low-cost hacking tools and the latest payment card fraud trends.
A global law enforcement operation has resulted in the arrest of 281 suspects allegedly involved in business email compromise scams. The announcement comes on the same day as the FBI's Internet Crime Complaint Center says that losses from BEC scams have hit $26 billion and are continuing to rise.
Account takeover (ATO) attacks result in billions of dollars of fraud and damage to brand reputation each year. These are the costs and risks associated with ATO.
A new variant of the TrickBot banking Trojan is enabling attackers to conduct SIM swapping schemes against Verizon Wireless, Sprint and T-Mobile customers in the U.S., potentially paving the way for account takeover fraud, according to a report from Dell's SecureWorks division.
Eighty suspects, most of them Nigerian nationals, have been indicted on charges of running global business email compromise and romance scams that led to millions of dollars in fraud and allegedly involved a complex money-laundering operation.
Recently in the news, websites go down when a service provider has a problem.
Today's successful digital strategies should include a secondary DNS solution capable of providing your company and customers with:
Increased redundancy in the event of an outage
A separate DDoS protection strategy to defeat...
People cause data breaches every day. That simple statement hides layers of complexity, compliance issues, and stress for CISOs and their security teams. While we may be able to 'logically' explain malicious breaches by linking them to motivations such as financial gain, it's often more difficult to understand and...
The FBI has arrested a Nigerian businessman for allegedly carrying out an $11 million business email compromise scheme that targeted a U.K. affiliate of U.S. heavy equipment manufacturer Caterpillar.
A newly identified phishing campaign used Google Drive to help bypass some email security features as attackers attempted to target a company in the energy industry, security firm Cofense reported this week.
U.K. authorities dismantled 13 organized crime groups in the first half of this year. Police report that these groups are increasingly turning to online fraud.
Read this report to understand Gartner's view on how the email security market has changed in recent years.
How the large-scale migration of email to the cloud, plus the increasingly sophisticated threat landscape requires a continuous adaptive risk and trust assessment mindset to protect sensitive data.
In this...
As email threats become more advanced, machine learning is being used to detect these attacks. Learn the latest about machine learning & how it is changing the threat landscape.
This session discusses:
How machine learning is being used to detect threats
Latest advancements in machine learning for cyber...
A recent attempt by hackers to trick a mental health provider into transferring funds serves as a reminder to other healthcare entities about the threat of business email compromises.
The reason social media platforms are so successful is because they tap into the human sense of needing to connect with others.
Depending on your organization's policies, there is a high likelihood your employees may be tapping into several social platforms throughout the workday, which can increase attack...
Business email compromise scams are surging, and they're costing U.S. companies a total of more than $300 million a month, according to a recently released analysis by the U.S. Treasury Department. The report pinpoints which sectors are hardest hit by this type of fraud.
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