The benefits of taking an intent-based approach to detecting Business Email Compromise 

Business email compromise (BEC) is one of the most financially damaging online crimes. As per the internet crime 221 report, the total loss in 2021 due to BEC is around 2.4 billion dollars. Since 2013, BEC has resulted in a Read More …

BEC attacks: Most victims aren’t using multi-factor authentication – apply it now and stay safe

There has been a big rise in Business Email Compromise (BEC) attacks – and most victims work at organisations which weren’t using multi-factor authentication (MFA) to secure their accounts. BEC attacks are one of the most lucrative forms of cyber Read More …

From cookie theft to BEC: Attackers use AiTM phishing sites as entry point to further financial fraud

A large-scale phishing campaign that used adversary-in-the-middle (AiTM) phishing sites stole passwords, hijacked a user’s sign-in session, and skipped the authentication process even if the user had enabled multifactor authentication (MFA). The attackers then used the stolen credentials and session Read More …

The Hacker Gold Rush That’s Poised to Eclipse Ransomware

Ransomware attacks, including those of the massively disruptive and dangerous variety, have proved difficult to combat comprehensively. Hospitals, government agencies, schools, and even critical infrastructure companies continue to face debilitating attacks and large ransom demands from hackers. But as governments Read More …

Online scamming fraud: three Nigerians arrested in INTERPOL Operation Killer Bee

The Economic and Financial Crimes Commission (EFCC) arrested the suspects in a sting operation conducted simultaneously in the Lagos suburb of Ajegunle and in Benin City, 300 km to the East of the commercial capital. The Nigerian sting operation comes Read More …

Wizard Spider hackers hire cold callers to scare ransomware victims into paying up

Researchers have exposed the inner workings of Wizard Spider, a hacking group that pours its illicit proceeds back into the criminal enterprise. On Wednesday, PRODAFT published the results of an investigation into Wizard Spider, believed to either be or be Read More …

FBI: Business Email Compromise – The $43 Billion Scam

This Public Service Announcement is an update and companion piece to Business Email Compromise PSA I-091019-PSA posted on www.ic3.gov. This PSA includes new Internet Crime Complaint Center complaint information and updated statistics from October 2013 to December 2021. DEFINITION Business Read More …

Interpol: More than 1,000 arrests and USD 27 million intercepted in massive financial crime crackdown

LYON, France – An operation coordinated by INTERPOL codenamed HAECHI-II saw police arrest more than 1,000 individuals and intercept a total of nearly USD 27 million of illicit funds, underlining the global threat of cyber-enabled financial crime. Taking place over Read More …