Business Email Compromise

A Wall Street technology firm was sued by investment firm, Tillage after losing $6M in a Business Email Compromise (BEC) scam reportedly due to the negligence of the former’s employee.

Ransomware and BEC scams lead the wave of threats that are turning 2016 into the Year of Online Extortion. Learn how these have changed the landscape and how organizations can protect themselves in our midyear security roundup.

The FBI has released another public service announcement addressing the sudden spike in the pernicious business email compromise (BEC) scams.

Business Email Compromise schemes are one of the biggest threats to companies to date. One carefully crafted email sent to the right person can cost a company millions of dollars. How is it done and what makes it so effective?

It should not come as a surprise that company executives (particularly the CEO and President) and other revered high-level employees get to be impersonated often for criminal reasons.

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Austria-based Fischer Advanced Composite Components AG (FACC), a major designer and manufacturer of aircraft components and systems, falls prey to a business email compromise (BEC) scheme that cost the company over 42 million euros in losses.

Following a spate of attacks on the healthcare industry, the education sector, and other service providers, personalized attacks embraced by profit-driven scammers are now utilizing various malware.

The FBI issues a public warning on the surge of Business Email Compromise and online dating scams seen in recent reports.