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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…
APTs/cyberespionage, Cybercrime, Government, Government/Defense, IoT, Malware, Security News

U.S. urges Linux users to secure kernels from new Russian malware threat

Linux users should not assume they are safe from the ambitions and reach of reputed Russian hacking group Fancy Bear, which has been using a newly disclosed malware toolset to establish a command-and-control connection with infected Linux systems. Called Drovorub, the toolset essentially creates a backdoor that enables file downloads and uploads, the execution of…
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,…
APTs/cyberespionage, Government, Government/Defense, Security News

China targets networks with new Taidoor malware attacks

Wielding a new remote access trojan (RAT) dubbed Taidoor, Chinese government-supported hackers are behind a series of cyberespionage campaigns. Although it offered no details on the possible targets, CISA warned of the malware variants, noting that “the FBI has high confidence that Chinese government actors are using [them] in conjunction with proxy servers to maintain…
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…
APTs/cyberespionage, Election Coverage, Government, Government/Defense, Security News

Biden will punish foreign election interference, hacking

Former Vice President and presumptive Democratic presidential nominee Joe Biden said he would take harsh action against any nation-state that attempted to meddle in the U.S. presidential election, “whether by hacking voting systems and databases, laundering money into our political system, systematically spreading disinformation, or trying to sow doubt about the integrity of our elections.”…
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