When an organization is subject to a Business Email Compromise (BEC), a single email could result in substantial monetary losses.
Threat actors employing such tactics could employ different techniques, ranging from simple to advanced, and have seen increased activities yearly. A recent investigation examined not a typical BEC scenario where a threat actor simply sends a fraudulent email in the hopes of tricking a victim. Instead, this B2B BEC scheme involved abusing the implicit trust between relationships amongst business partners, patiently weaved by the threat actor within days.
Read more…
Source: Trend Micro
Related:
- No Manners Here: The Ruthless Rise of The Gentlemen Ransomware
July 10, 2026
The Gentlemen (aka Storm-2697) is a Ransomware-as-a-Service (RaaS) program active since at least July 2025. Public reporting indicates that the operators were likely active months earlier as an affiliate (known as ArmCorp) of Qilin RaaS, which Unit 42 tracks as Spikey Scorpius. Their ransomware variants are written in both C and Go programming languages, enabling ...
- Florida ransomware negotiator convicted for helping ransomware gang extort US companies
July 10, 2026
Florida man Angelo Martino has been sentenced to more than five years in prison for conspiring with hackers to deploy ransomware during his job as a ransomware negotiator for a U.S. cybersecurity company. The U.S. Department of Justice confirmed the sentence on Thursday, noting that the government seized more than $10 million worth of cryptocurrency and assets. Martino ...
- Accenture confirms breach after hacker steals 35GB of source code and other data
July 9, 2026
Accenture has confirmed suffering a cyberattack, days after threat actors started selling an archive allegedly coming from the firm. “We are aware of this isolated matter, and we have remediated its source. There is no impact to Accenture operations and service delivery,” Accenture said in a statement. It follows a relatively unknown threat actor called 888 posting ...
- An unnamed US county paid $1M extortion demand to cybercriminals
July 9, 2026
A US county reportedly paid $1 million to Kairos, an extortion gang that claimed to have stolen more than 2 TB of data, but the county never received independently verifiable proof that the stolen files had been deleted – just the criminals’ promise. This means the county’s stolen files may turn up for sale on a ...
- GigaWiper: Anatomy of a destructive backdoor assembled from multiple malware
July 9, 2026
In October 2025, Microsoft Threat Intelligence identified destructive wiping activity and uncovered a sophisticated Go programming language (Golang)-based backdoor we now track as GigaWiper, a versatile implant that combines robust command-and-control (C2) capabilities with multiple destructive payloads, including disk wiping, fake ransomware, and system-level sabotage. GigaWiper is particularly notable for its makeup. It’s not a single, ...
- 6.9 million driver’s license numbers stolen from AssuranceAmerica
July 9, 2026
Insurance provider AssuranceAmerica has confirmed a data breach affecting the personal information and driver’s license numbers of up to 6.9 million people. AssuranceAmerica provides car and rental insurance to customers across 14 US states through a network of over 9,500 independent agents. The breach notice letter also mentions information about customers’ auto insurance policies and accounts, their drivers and ...