Tag: BEC
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Lincoln Project loses $35K following BEC attack
U.S. political action committee Lincoln Project, which was formed in 2019 to counter former President Donald Trump’s re-election bid, has …
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BEC and Fund Transfer Fraud Top Insurance Claims
More than half (53%) of all insurance claims in 2023 were the result of email-based fraud, according to Coalition. The insurer analyzed …
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The evolution from BEC to BCC
Discover how comprehensive solutions can protect your people, processes and technologies from highly sophisticated hacker havoc. Stay one …
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Coalition reveals uptick in cyber insurance claims driven by ransomware in 2023
A new report released today by cybersecurity insurance startup Coalition Inc. details a rise in cyber insurance claims in 2023, primarily …
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How BEC attacks are evolving in the AI era
Mike Britton, chief information security officer at Abnormal Security, leads the company’s information security and privacy programs. …
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Nigerian pleads guilty in BEC attack involvement
Henry Onyedikachi Echefu was noted by the U.S. Department of Justice to have pleaded guilty over his participation in a business email …
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European retailer Pepco loses €15.5 million in phishing (possibly BEC?) attack
Pepco Group has confirmed that its Hungarian business has been hit by a “sophisticated fraudulent phishing attack.” The European …
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VEC and BEC attacks rise in the energy and infrastructure industry
Data released by Abnormal reveals that VEC and BEC attacks are increasing in the energy and infrastructure industry. Energy and …
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Ransom demands surge by 20% in 2023, hitting key industries hardest
A new report today from Arctic Wolf Networks Inc. reveals a sharp rise in ransom demands and business email compromise incidents in 2023 …
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5 Key Findings from the Business Email Compromise (BEC) Trends Report
Today’s BEC attacks are more nuanced, more accessible, less technically demanding, and consequently, more dangerous than ever before. In …
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Flipping the BEC funnel: Phishing in the age of GenAI
For years, phishing was just a numbers game: A malicious actor would slap together an extremely generic (and usually poorly-written) email …
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Nigerian Faces $7.5m BEC Charges After Charities Are Swindled
A Nigerian national is facing an eight-count indictment related to business email compromise (BEC) charges involving two US charities, …
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