Articles Tagged with ''business email compromise (BEC)''

10K Microsoft users targeted by FedEx and DHL phishing attack

February 24, 2021

Two large phishing attacks, aimed at a combined 10,000 victims, spoofed emails from FedEx and DHL Express in an attempt to steal their targets' business email account credentials.

FBI warns of BEC scammers using email forwarding

Maria Henriquez

December 2, 2020

The U.S. Federal Bureau of Investigation (FBI) issued a Private Industry Notification alert, noting that cybercriminals are increasingly implementing auto-forwarding rules on victims' web-based email clients to conceal their activities. According to the FBI, cybercriminals then capitalize on this reduced visibility to increase the likelihood of a successful business email compromise (BEC).

Business email compromise during a pandemic: Why cyber insurance is more urgent than ever

Lauren Winchester

October 29, 2020

In this ongoing virtual environment, organizations remain highly vulnerable to the significant cybersecurity risks exposed by widespread remote work - business email compromise (BEC), in particular. How did business email compromise become such a serious threat for organizations, and why should cyber insurance be top of mind right now, as a result? Let’s dive in.

Average ransomware demand increases 100% from 2019 through Q1 2020

Data from 25,000 small-to-midsize organizations reveals ransomware as the top cyber insurance incident in the first half of the year, with the average ransomware demand increasing 100% from 2019 through Q1 2020

October 13, 2020

Coalition announced the results of its H1 2020 Cyber Insurance Claims Report. The report explores top cybersecurity trends and threats facing organizations today, in addition to data showing the impact of COVID-19 on cyber insurance claims. The report garners insights from the incidents reported across 25,000 small and midsize organizations.

Bringing BEC home: How to protect against BEC attacks while remote

Amy Cadagin

September 3, 2020

In 2019, Business Email Compromise (BEC) attacks – a long-standing cybersecurity threat – accounted for $1.7 billion in losses, with cybercriminals using new tactics and techniques to carry out existing attacks. As cybercrime spikes in the wake of COVID-19, BEC’s toll is expected to rise this year. The Federal Bureau of Investigation (FBI) recently issued a warning to businesses on the growing threat of BEC attacks using the pandemic as a backdrop for unusual requests like payments to a “new” vendor or a change of account information.

Six Steps to Boost Email Security for Remote Employees

Alexander Garcia-Tobar

May 14, 2020

To prevent damage from phishing attacks, organizations need to take a few simple but important steps to improve their email security posture. Follow these six strategies, and your email infrastructure will be far safer from phishing and business email compromise (BEC).

Strong Cybersecurity: The Critical Role of Lifecycle Management - Security Magazine

FBI Anticipates Rise in Business Email Compromise Schemes Related to the COVID-19 Pandemic

April 8, 2020

Fraudsters will take advantage of any opportunity to steal your money, personal information, or both. Right now, they are using the uncertainty surrounding the COVID-19 pandemic to further their efforts, warns the FBI.

ON DEMAND: In this webinar, Regina Lester, Vice President of Security & Safety Operations at Toledo Zoo, will share her insights on implementing security technologies in the entertainment sector and the challenges all organizations face — large and small — when it comes to balancing budget and security.