Business Email Compromise

Barracuda research reveals how email attacks are evolving and who is being targeted the most

Retrieved on:

Wednesday, July 28, 2021

Cybercrime, Crime, Computing, Social engineering, Confidence tricks, Deception, Fraud, Barracuda Networks, CUDA, Phishing, Business Email Compromise, Computer security

Barracuda,a trusted partner and leading providerofcloud-enabled security solutions, todayreleased key findings about the way spear phishing attacks are evolving and who cybercriminals are targeting with these attacks.

Key Points:

Barracuda,a trusted partner and leading providerofcloud-enabled security solutions, todayreleased key findings about the way spear phishing attacks are evolving and who cybercriminals are targeting with these attacks.
It also tackles the best practices and technology that organizations should be using to defend against these types of attacks.
Here are some of the key takeaways from their analysis:
1 in 10 social engineering attacks are business email compromise.
Barracuda Networks, Barracuda and the Barracuda Networks logo are registered trademarks or trademarks of Barracuda Networks, Inc. in the U.S. and other countries.

Armorblox Partners with Intermedia to Protect Businesses Against Targeted Email Attacks

Retrieved on:

Wednesday, June 30, 2021

Armorblox technology powers AI Guardian, included with Intermedia Email Protection, to detect and alert users to sophisticated email attacks that weaponize the context of communications to steal money and data.

Key Points:

Armorblox technology powers AI Guardian, included with Intermedia Email Protection, to detect and alert users to sophisticated email attacks that weaponize the context of communications to steal money and data.
The same report also cited $1.86 billion in reported losses due to Business Email Compromise (BEC) and Email Account Compromise (EAC) attacks.
Powered by Armorblox, AI Guardian analyzes thousands of signals across identity, behavior, and language to help stop these advanced email attacks.
Over 56,000 organizations use Armorblox to stop BEC and targeted phishing attacks, protect sensitive PII and PCI, and automate remediation of user-reported email threats.

Man charged with fraud for impersonating elected official

Retrieved on:

Tuesday, May 11, 2021

Crime, Deception, Articles, Social engineering, Confidence tricks, Cybercrime, Fraud, Business Email Compromise, Royal Canadian Mounted Police, Phishing, United States Secret Service

b'OTTAWA, ON, May11,2021 /CNW/ - A Mississauga, ON, man is facing three fraud-related charges for allegedly impersonating an elected official last spring, with the intent to commit fraud.\nNational Division RCMP\'s Cybercrime Investigative Team began an investigation in April2020, after an unknown individual contacted an employee of a federal government department and requested the transfer of a significant amount of money.

Key Points:

b'OTTAWA, ON, May11,2021 /CNW/ - A Mississauga, ON, man is facing three fraud-related charges for allegedly impersonating an elected official last spring, with the intent to commit fraud.\nNational Division RCMP\'s Cybercrime Investigative Team began an investigation in April2020, after an unknown individual contacted an employee of a federal government department and requested the transfer of a significant amount of money.
Alexandre Beaulieu, Officer in Charge of the RCMP Cybercrime Investigative Team for National Division.
"In this instance, the assistance of public service staff and Postal Inspectors from Canada Post contributed to the RCMP\'s ability to identify and arrest a suspect.
"\nThe RCMP is committed to combatting cybercrime in all its forms and wishes to remind individuals, businesses and organizations of the importance of being vigilant in watching out for online fraud such as phishing and business email compromise attacks.\n'

Agari Named Leader in New "Frost Radar: Email Security" Report Based on Growth and Innovation

Retrieved on:

Wednesday, April 28, 2021

Cybercrime, Security breaches, Crime, Computing, Confidence tricks, Fraud, Social engineering, Business Email Compromise, eMail, Ransomware, Computer security, Malware

b'FOSTER CITY, Calif. and LONDON, April 28, 2021 /PRNewswire/ --Agari, the Trusted Email Identity Company, announced today that Frost & Sullivan has named Agari a leader in the Frost Radar: Email Security report.

Key Points:

b'FOSTER CITY, Calif. and LONDON, April 28, 2021 /PRNewswire/ --Agari, the Trusted Email Identity Company, announced today that Frost & Sullivan has named Agari a leader in the Frost Radar: Email Security report.
This ranking is based on having the highest three year compound annual growth rate (CAGR) of 22.2% as well as the company\'s vision and strategy focused on identity-centric email security solutions.\nEmail is still the number one threat vector for cyber attacks.
Moreover, given the surging trend of working from home and a more mobile workforce, email is now the primary channel for business communication.
The email security market has witnessed strong and steady growth for several years, mainly driven by higher-than-expected malware activity, particularly by ransomware and targeted attacks such as business email compromise (BEC) and email account compromise (EAC).

APWG REPORT: Phishing Attacks Double in 2020 and October Shatters All-Time Monthly Records

Retrieved on:

Wednesday, February 10, 2021

Spamming, Social engineering, Cybercrime, Crime, Confidence tricks, Fraud, Articles, Phishing, Anti-Phishing Working Group, Business Email Compromise

CAMBRIDGE, Mass., Feb. 9, 2021 /PRNewswire/ --The APWG's new Phishing Activity Trends Report reveals that the number of phishing attacks observed by APWG members grew through 2020, fully doubling over the course of the year.

Key Points:

CAMBRIDGE, Mass., Feb. 9, 2021 /PRNewswire/ --The APWG's new Phishing Activity Trends Report reveals that the number of phishing attacks observed by APWG members grew through 2020, fully doubling over the course of the year.
Attacks peaked in October 2020, with a high of 225,304 new phishing sites appearing in that month alone, breaking all previous monthly records.
APWG contributor Agari continued to track "business email compromise" (BEC) attacks, one of the most damaging types of Internet crimes.
APWG contributor PhishLabs found that in the fourth quarter of 2020, 84 percent of phishing sites had SSL encryption enabled.

Agari Outperforms Fourth Quarter and Full Year 2020 Expectations; Uncovers Cybercriminals Behind COVID-19 Unemployment Fraud; Earns Industry Recognitions for Innovation

Retrieved on:

Wednesday, January 6, 2021

Cybercrime, Crime, Confidence tricks, Fraud, Social engineering, Deception, Phishing, Computer security, Business Email Compromise

Agari delivered on its mission: To protect digital communications to ensure humanity prevails over evil.

Key Points:

Agari delivered on its mission: To protect digital communications to ensure humanity prevails over evil.
Innovation, delighting existing customers and attracting new customers, and performing game-changing threat research that was key to Agari achieving its performance goals for the year.
During Trust 2020, Agari's annual industry conference taking place in May, 2020, Agari formally launched a new global service, Agari Active Defense , which is a first-of-its-kind BEC threat intelligence-based service.
Throughout 2020 the global cybersecurity industry recognized Agari's ongoing innovation for protecting companies from spear-phishing, Business Email Compromise (BEC), and domain spoofing attacks.

New Whitepaper, Co-Authored by Chubb and Microsoft, Explores Evolution of Email Cyber Crime

Retrieved on:

Thursday, December 10, 2020

Crime, Social engineering, Articles, Confidence tricks, Fraud, Business Email Compromise, Cybercrime, eMail, Cyberattack, BEC

WHITEHOUSE STATION, N.J., Dec. 10, 2020 /PRNewswire/ --Chubb has released a new whitepaper outlining how cyber criminals have evolved their deceptive practices around email cyber crimes, including the use of Business Email Compromise (BEC).

Key Points:

WHITEHOUSE STATION, N.J., Dec. 10, 2020 /PRNewswire/ --Chubb has released a new whitepaper outlining how cyber criminals have evolved their deceptive practices around email cyber crimes, including the use of Business Email Compromise (BEC).
," explores how BEC works, why it is successful, and the importance of using multi-factor authentication as a safeguard.
Co-authored by Chubb and Microsoft, the whitepaper provides ways in which businesses can block these increasingly complex attacks.
"BEC attacks serve as a prime example of how cyber crime is quickly evolving," said Patrick Thielen, Senior Vice President, Chubb North America Financial Lines.

University of Minnesota Physicians Provides Notice of Data Security Event

Retrieved on:

Thursday, November 26, 2020

Cybercrime, Crime, Social engineering, Confidence tricks, Deception, Fraud, Articles, Phishing, Computer security, eMail, Business Email Compromise

MINNEAPOLIS, Nov. 25, 2020 /PRNewswire/ --Today, University of Minnesota Physicians ("UMPhysicians") issued notice of a data security event that potentially affected the confidentiality of personal information related to certain patients.

Key Points:

MINNEAPOLIS, Nov. 25, 2020 /PRNewswire/ --Today, University of Minnesota Physicians ("UMPhysicians") issued notice of a data security event that potentially affected the confidentiality of personal information related to certain patients.
UMPhysicians recentlycompleteda thorough investigation and comprehensive data review of a data security event in which cyber attackers used phishing emails to fraudulently access two employee email accounts.
The two phishing email attacks were identified on January 31, 2020 and February 4, 2020, shortly after they occurred.
UMPhysicians recently completed the comprehensive data review, which involved many detailed steps to identify and confirm the relevant data and the potentially affected individuals.

Netpoleon Publishes the Report for Business Email Compromise (BEC)

Retrieved on:

Wednesday, November 25, 2020

Technology, Networks, Internet, Security, Cybercrime, Crime, Data security, Social engineering, Fraud, Cyberwarfare, Confidence tricks, Computer security, Business Email Compromise

Netpoleon Solutions Pte Ltd (hereinafter: Netpoleon), a leading provider of integrated security, networking solutions and value added services, publishes the report Business Email Compromise (BEC): How does it attack your business and how can you prevent it?.

Key Points:

Netpoleon Solutions Pte Ltd (hereinafter: Netpoleon), a leading provider of integrated security, networking solutions and value added services, publishes the report Business Email Compromise (BEC): How does it attack your business and how can you prevent it?.
The report was written by Macnica Networks Corp. (hereinafter: Macnica Networks) that is the parent company of Netpoleon and analyzes threats targeting Asias organizations and provides security solutions in Japan.
The e-mail address of the sender has a domain name unrelated to the trading partner, which makes this fraud relatively easy to spot.
Netpoleon will endeavor to contribute to cyber security measures by investigating, analyzing, and disclosing information on attacks.

IRONSCALES Announces Integration with Swimlane to Automate Email Security Investigation and Response

Retrieved on:

Monday, November 9, 2020

Cybercrime, Crime, Confidence tricks, Deception, Fraud, Social engineering, Articles, Phishing, eMail, Business Email Compromise, Computer security, LinkedIn

"Integrating IRONSCALES' self-learning email security platform into Swimlane's SOAR solution will alleviate significant inconvenience plaguing security teams, while, most importantly, reducing the growing risks from advanced email phishing techniques, such as business email compromise, account takeover and brand spoofing."

Key Points:

"Integrating IRONSCALES' self-learning email security platform into Swimlane's SOAR solution will alleviate significant inconvenience plaguing security teams, while, most importantly, reducing the growing risks from advanced email phishing techniques, such as business email compromise, account takeover and brand spoofing."
The IRONSCALES and Swimlane integration addresses this problem by automatically integrating threat intelligence into the Swimlane dashboard, providing analysts with the ability to change classification of the incident from within the dashboard.
For more information about IRONSCALES and to schedule a demo, visit: https://ironscales.com/get-a-demo/ or follow @ironscales on Twitter and LinkedIn .
We offer security professionals and end users an AI-driven, self-learning email security platform that provides a comprehensive solution to stop tomorrow's phishing attacks today.