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Email Security, Security News

Expect rapid growth in BEC scams to continue, despite global crackdown

The Justice Department’s extradition of Deborah Mensah from Ghana for her alleged participation in a multimillion-dollar business email compromise (BEC) scheme marks the latest move in a flurry of global activity to stop increasingly prevalent email scams. Since 2018, the department has participated in two massive international operations netting nearly 370 arrests, and the FBI…
Perspectives

Why the $26 billion in BEC scams are worse than you think

Business email compromise (BEC) scams are one of the biggest money makers for cyber criminals. BEC attacks are also unique in that they rely on human behavior rather than sophisticated technology. Typical BEC scams use an authentic-looking email from a top executive to deceive subordinates into transferring money.   A lot of money. The FBI…
Perspectives

Build security by expanding cyber awareness

Governments and intelligence agencies are engaged in cyberwarfare on an epic scale. As issues discussed on the internet are frequently amplified in the media by organizations with vested interests, it’s become daunting for security pros to unravel the complex and constantly changing web of online allegiances. All this noise offers the perfect cover for cybercriminals,…
Malware, Network Security, Security News

Amid Iranian hacker crackdown, CISOs should prep for retaliation

The United States ran a full-court press against Iranian hackers last week, including indictments from the Department of Justice, the FBI identifying malware used in attacks, and the addition of government-aligned hackers to the sanctions list by Treasury. In theory, increasing pressure against a foreign group may cause a pause in operations. Alternately, sanctions can…
Perspectives

How to Prevent Recruiting Scams During the Pandemic

During the ongoing pandemic, we’re not just facing unprecedented health challenges, we’re now forced to deal with those who view this situation as an opportunity to carry out fraud and scams against susceptible people and organizations. These scams often aim to collect personally identifiable information and steal money from the victims. Malicious actors take advantage…
Perspectives

How to Prevent Recruiting Scams During the Pandemic

During the ongoing pandemic, we’re not just facing unprecedented health challenges, we’re now forced to deal with those who view this situation as an opportunity to carry out fraud and scams against susceptible people and organizations. These scams often aim to collect personally identifiable information and steal money from the victims. Malicious actors take advantage…
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