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Business Email Compromise/Email Account Compromise (BEC) is a sophisticated scam that targets both businesses and individuals who perform legitimate transfer-of-funds requests. The scam is frequently carried out when an individual compromises legitimate business or personal email accounts through social engineering Read More …
Email-based attacks are the number one attack vector for cybercriminals. These attacks do not always require a high level of technical sophistication to carry out. And because the human factor is involved, there is almost no doubt they will endure Read More …
A new report has said that cyber attacks on construction companies doubled in the first quarter of this year compared to the same period in 2023. Risk advisory firm Kroll said the increase in attacks was “most likely due to Read More …
Generative artificial intelligence (GenAI) tools like ChatGPT have extensive business value. They can write content, clean up context, mimic writing styles and tone, and more. But what if bad actors abuse these capabilities to create highly convincing, targeted and automated Read More …
It is a little-known clothing firm based out of an anonymous residential street in Scotland’s biggest city, with overflowing bags and boxes of rubbish piled up outside its front door. But a Glasgow company is at the centre of a Read More …
A cybersecurity firm discovered a new generative artificial intelligence tool called WormGPT that is being sold to criminals. Another firm created a malicious generative AI tool called PoisonGPT to test how the technology can be used to intentionally spread fake Read More …
Microsoft Defender Experts uncovered a multi-stage adversary-in-the-middle (AiTM) phishing and business email compromise (BEC) attack against banking and financial services organizations. The attack originated from a compromised trusted vendor and transitioned into a series of AiTM attacks and follow-on BEC Read More …
Today Microsoft released the fourth edition of Cyber Signals highlighting a surge in cybercriminal activity around business email compromise (BEC). Microsoft has observed a 38 percent increase in cybercrime as a service (CaaS) targeting business email between 2019 and 2022. Read More …
The FBI warns the public of criminal actors using Business Email Compromise (BEC) schemes to facilitate the acquisition of a wide range of commodities. BEC is one of the most financially damaging online crimes. It exploits the fact that so Read More …
In September 2022, Trend Micro researchers observed a new potential BEC campaign that was targeting large companies around the world which we believe has been running since April 2022. By carefully selecting their target victims and leveraging open-source tools, the Read More …
