Nigerian pleads guilty in BEC attack involvement

SC StaffMarch 13, 2024

Nigerian Henry Onyedikachi Echefu was noted by the U.S. Department of Justice to have pleaded guilty over his participation in a business email compromise scam with two other Nigerians between 2016 and 2017, which resulted in the theft of $6 million, according to The Record, a news site by cybersecurity firm Recorded Future. The Justice Department said that Echefu — along with Kosi Goodness Simon-Ebo, who was sentenced to 18 months imprisonment after entering a guilty plea in September; James Junior Aliyu, also known as "Old Soldier" and "Ghost", who remains in South African custody; and other co-conspirators — targeted organizations and individuals with fraudulent emails from spoofed email addresses that contained money wiring instructions that redirected to attacker-controlled accounts. Such malicious activities could lead to an up to 20-year prison sentence for Echefu. Meanwhile, losses from BEC scams were pegged by the FBI to have reached $2.9 billion last year.

SC Staff

A computer screen displays a digital alert of an email phishing threat, accompanied by a striking red warning sign.

Identity

Microsoft credentials targeted by phishing campaign using Autodesk Drive

SC StaffApril 26, 2024

Hacked email accounts have been used by threat actors to facilitate a phishing campaign that involves the use of Autodesk Drive-hosted PDF documents to compromise Microsoft account credentials, SecurityWeek reports.

Email and cyber security concept. Phishing, hacking, virus and account theft dangers.

Network Security

Lincoln Project loses $35K following BEC attack

SC StaffApril 25, 2024

U.S. political action committee Lincoln Project, which was formed in 2019 to counter former President Donald Trump's re-election bid, has been impacted by a business email compromise attack in February that resulted in the exfiltration of $35,000, reports The Record, a news site by cybersecurity firm Recorded Future.

Network Security

US automaker subjected to FIN7 attack

SC StaffApril 18, 2024

BlackBerry researchers disclosed that a major U.S.-based multinational automaker had been targeted by the FIN7 hacking group in a spear-phishing attack late last year that sought to facilitate systems compromise with the Anunak malware, BleepingComputer reports.

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