Email fraud

New Chubb Whitepaper Explores Common Types of Email Social Engineering Schemes

Retrieved on: 
Wednesday, June 30, 2021
Crime, Cybercrime, Confidence tricks, Spamming, Computer security, Social engineering, Email fraud, Internet, eMail

WHITEHOUSE STATION, N.J., June 30, 2021 /PRNewswire/ -- Chubb has released a new whitepaper, co-authored with Gordon Rees Scully Mansukhani LLP and PaymentWorks, that explores the common types of email social engineering schemes, particularly involving payments and suppliers, and how today's cyber criminals are employing more sophisticated social engineering attacks than in the past.

Key Points: 
  • WHITEHOUSE STATION, N.J., June 30, 2021 /PRNewswire/ -- Chubb has released a new whitepaper, co-authored with Gordon Rees Scully Mansukhani LLP and PaymentWorks, that explores the common types of email social engineering schemes, particularly involving payments and suppliers, and how today's cyber criminals are employing more sophisticated social engineering attacks than in the past.
  • The FBI estimates that cyber criminals stole more than $28 billion through email fraud from 2016-2020, with an average loss per incident of more than $150,000.
  • According to the Chubb whitepaper, the most common social engineering fraud schemes include impersonation of executives, vendors and suppliers, exploitation of email accounts, and manipulation of vendor management accounts.
  • To learn more about commercial crime insurance and social engineering coverage, visit www.chubb.com/us/crime , or contact your Chubb agent or broker .

Q1 2021 KnowBe4 Finds Users Are Becoming More Savvy Regarding COVID-19 Phishing Attacks

Retrieved on: 
Tuesday, April 13, 2021
Cybercrime, Social engineering, Confidence tricks, Identity theft, Spamming, Crime, Fraud, Phishing, Simulated phishing, Email fraud, eMail, Internet fraud prevention

b'TAMPA BAY, Fla., April 13, 2021 /PRNewswire/ --KnowBe4, the provider of the world\'s largest security awareness training and simulated phishing platform, today revealed the results of its Q1 2021 top-clicked phishing report.\nDespite still seeing a few phishing email attacks related to COVID-19, users are becoming more savvy and alert to these types of scams.

Key Points: 
  • b'TAMPA BAY, Fla., April 13, 2021 /PRNewswire/ --KnowBe4, the provider of the world\'s largest security awareness training and simulated phishing platform, today revealed the results of its Q1 2021 top-clicked phishing report.\nDespite still seeing a few phishing email attacks related to COVID-19, users are becoming more savvy and alert to these types of scams.
  • Real phishing emails that were reported to IT departments related to security-minded users about password checks are steadily rising in popularity.
  • "While users are becoming more savvy regarding COVID-19 phishing attacks, there is a steady increase of those falling for security-related email scams.
  • "\nIn Q1 2021, KnowBe4 examined tens of thousands of email subject lines from simulated phishing tests.

Proofpoint Named Best Overall Enterprise Email Security Solution Provider of the Year

Cybercrime, Crime, Confidence tricks, Spamming, Computing, Security breaches, Social engineering, Ransomware, Phishing, Computer security, Email fraud, Malware

Proofpoint provides a complete, cloud-based email security platform with multiple layers of security to protect end users from both malware and malware-free threats, detecting and blocking the myriad of business email threats, including email fraud, credential phishing, ransomware, and advanced malware.

Key Points: 
  • Proofpoint provides a complete, cloud-based email security platform with multiple layers of security to protect end users from both malware and malware-free threats, detecting and blocking the myriad of business email threats, including email fraud, credential phishing, ransomware, and advanced malware.
  • Proofpoint also provides security professionals with actionable visibility into an organizations greatest risk their Very Attacked People (VAP).
  • For additional information on how to combat email fraud and stop business email and account compromise, please visit https://www.proofpoint.com/us/resources/webinars/how-combat-email-fraud-... .
  • The CyberSecurity Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough information security companies and products in categories including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Web and Email Security, UTM, Firewalland more.

Agari Dispels Myth of Where Phishing Criminals are Located

Retrieved on: 
Tuesday, October 13, 2020
Crime, Articles, Fraud, Social engineering, Spamming, Cybercrime, Confidence tricks, Money mule, Phishing, Mule, Cyberwarfare, Email fraud

Today's announcement pinpoints for the first time where email scammers are located globally and maps their tangled web of money mules.

Key Points: 
  • Today's announcement pinpoints for the first time where email scammers are located globally and maps their tangled web of money mules.
  • Agari Cyber Intelligence Division (ACID) has identified money mules in every state, including the District of Columbia.
  • The money mule network is a critical link in fraudsters' ability to launder and move money offshore, quickly.
  • Agari is the market share leader in phishing defense solutions for the enterprise.

Agari Summer '20 Release Arms CISOs With First-Ever Enterprise BEC Threat Intelligence Service

Retrieved on: 
Tuesday, June 30, 2020
Confidence tricks, Social engineering, Crime, Cybercrime, Fraud, Deception, Phishing, Business Email Compromise, Email fraud

In an industry first, CISOs now have access to real-world business email compromise (BEC) threat intelligence unique to their organization.

Key Points: 
  • In an industry first, CISOs now have access to real-world business email compromise (BEC) threat intelligence unique to their organization.
  • This intelligence is harvested by the Agari Cyber Intelligence Division (ACID) from direct active engagements with email fraudsters attacking and scamming enterprises.
  • "ACID is the only counterintelligence research team dedicated to worldwide BEC and spear-phishing investigations," said Armen Najarian , CMO and Chief Identity Officer, Agari.
  • Tune into the Agari Summer '20 Release Webinar launching on June 30, 2020
    Try the Self-guided Experience for Agari Active Defense: BEC Threat Intelligence Service
    Agari is the market share leader in phishing defense solutions for the enterprise.

Record Number of CISOs to Convene at Trust 2020 Summit, Dedicated to Phishing Defense and Next-Gen Email Security

Retrieved on: 
Thursday, April 30, 2020
Cybercrime, Human behavior, Confidence tricks, Spamming, Articles, Crime, Social engineering, Identity theft, Phishing, Computer security, Domain driven data mining, Email fraud

Trust 2020 is produced by Agari , the market share leader in phishing defense solutions for the enterprise, and is born out of its popular annual customer gathering of CISOs.

Key Points: 
  • Trust 2020 is produced by Agari , the market share leader in phishing defense solutions for the enterprise, and is born out of its popular annual customer gathering of CISOs.
  • The Trust Equation is the theme this year for the event and will explore how email fraudsters continue to exploit human trust through sophisticated social engineering tactics.
  • Trust 2020 will deliver on its promises to provide what security executives value most -- provocative content from their CISO peers , industry experts and government leaders.
  • We've also designed the experience to provide security executives with actionable insights they have exclusive access as a registered attendee.

Retarus Presents Free Anti-Phishing Guide

Retrieved on: 
Friday, April 3, 2020
Cybercrime, Spamming, Confidence tricks, Social engineering, Crime, Fraud, Phishing, Email fraud, Computer security, eMail, Internet fraud prevention, Simulated phishing

The Threat Intelligence unit of the Munich-based cloud services provider Retarus has observed a massive increase in targeted cyberattacks.

Key Points: 
  • The Threat Intelligence unit of the Munich-based cloud services provider Retarus has observed a massive increase in targeted cyberattacks.
  • The company has now released the Retarus Anti-Phishing Guide to help raise awareness about fraudulent emails and recognize scams, while also revealing how to successfully combat such attacks.
  • With state-of-the-art email security services such as Retarus Email Security , companies are generally well protected against cyberattacks.
  • How employees in the home office can protect themselves optimally from phishing emails, how to recognize well-disguised scam emails, and how to behave correctly in cases of uncertainty are revealed in the Retarus Anti-Phishing Guide, which is now available for free download .

COVID-19 Phishes Explode as U.S. Reels From Pandemic

Retrieved on: 
Monday, March 23, 2020
Confidence tricks, Crime, Cyberspace, Fraud, Social engineering, Phishing, Spamming, Cybercrime, Email fraud, Email spam

The first wave brought phishing attacks offering basic information about the pandemic as well as spam/scam emails pushing questionable products and services.

Key Points: 
  • The first wave brought phishing attacks offering basic information about the pandemic as well as spam/scam emails pushing questionable products and services.
  • Many of these seemed to come from organizations such as the World Health Organization and the Centers for Disease Control.
  • The second wave brought new and novel phishes that saw cyber criminals trying new approaches to trick users into clicking through to malicious content.
  • Cyber criminals are taking advantage of the global pandemic by creating new ways to scam people based on fear tactics.

Agari Uncovers National BEC Check Fraud Ring

Retrieved on: 
Thursday, February 20, 2020
Confidence tricks, Spamming, Internet fraud, Email fraud, BEC, eMail, Deception, Fraud, Social engineering, Human behavior

For comparison, the Agari Q1 Email Fraud and Identity Deception Trends report found gift cards (62%) were the preferred cash-out method in most BEC scams, followed by direct transfers (22%) and payroll diversion (16%).

Key Points: 
  • For comparison, the Agari Q1 Email Fraud and Identity Deception Trends report found gift cards (62%) were the preferred cash-out method in most BEC scams, followed by direct transfers (22%) and payroll diversion (16%).
  • Exaggerated Lion targeted more than 3,000 individuals employed by nearly 2,100 companies in BEC attacks between April 2019 and August 2019.
  • Agari has uncovered the identities and locations of 28 check mules that were used in Exaggerated Lion's scams.
  • Exaggerated Lion has built a complex national network of check mules that are key to legitimizing ill-gotten gains from their BEC email attacks.

Bad Guys Need a Holiday Break, too, Apparently: BEC Attacks Drop 63% at end of December 2019, According to Agari Report

Retrieved on: 
Wednesday, February 12, 2020
Crime, Confidence tricks, Deception, Human behavior, Spamming, Cybercrime, Social engineering, Phishing, Email fraud, eMail, Fraud

This finding, along with other cybercriminal activity trends, was released today in Agari's quarterly Email Fraud and Identity Deception Trends report .

Key Points: 
  • This finding, along with other cybercriminal activity trends, was released today in Agari's quarterly Email Fraud and Identity Deception Trends report .
  • Individual impersonation was up to 32% between October and December, which is a significant jump from 12% in Q2 2019.
  • Now phishing and BEC attacks impersonating specific individuals have come into closer parity with attacks impersonating trusted brands (36%).
  • Agari is transforming the legacy Secure Email Gateway with its next-generation Secure Email Cloud powered by predictive AI.