bec
BEC Scammers Adventures on the Run
Last week the case of Valentine FOMBE was finally brought to a close. FOMBE was sentenced to 144 months in Federal prison and ordered to pay $325,856 in restitution to victims of ...
Evolving Cyber Threats: Insights and Strategies from the 2023 FBI IC3 Report
Latest FBI IC3 Report shows a record year for cybercrime: record-setting $12.5 billion in losses The 2023 FBI IC3 report reveals not just numbers but narratives that underscore the adaptability and cunning ...
Report: Average Initial Ransomware Demand in 2023 Reached $600K
An Arctic Wolf report found the median initial ransom demand made by cybercriminals rose 20% year-over-year to $600,000 ...
Maryland Busts $9.5 Million #BEC Money Laundering Ring
Three indictments have been unsealed in Maryland that document an extensive network of shell companies that were used to wash at least $9.5 Million in funds from at least fifteen #BEC (Business ...
Identification Documents: an Obsolete Fraud Countermeasure
When I'm talking to bankers and other fraud fighters, I often mention how easy it is for a criminal to obtain a Drivers License bearing any information they desire. I was reminded ...
Classic Baggie: A Delaware BEC Case calls him the leader of an International Criminal Organization
The U.S. Attorney's office in Delaware charged Olugbenga Lawal with being a major money launderer for a Nigerian-based international criminal organization that specialized in Business Email Compromise (#BEC) and Romance Scam. Lawal ...
Resecurity Identifies AI Tool Being Used to Compromise Business Email
Resecurity revealed the GXC Team cybercriminal syndicate developed a tool that uses AI to generate invoices that are embedded within a BEC attack ...
Concerned About Business Email Compromise? 4 Technologies That Can Help
Understanding the scope and impact of BEC is critical for any business that wants to protect itself from this insidious threat ...
The Role of AI in Business Email Security
Email security poses unique difficulties, but artificial intelligence (AI) can help in addressing some of these challenges ...
Barracuda Networks Issues Email Inbox Rules Manipulation Warning
A Barracuda report found cybercriminals are becoming more adept at manipulating email inbox rules to hide their tracks after taking over an account ...
