Business email compromise more costly than most other fraud attacks combined

Business Email Compromise (BEC), a type of cyber-fraud in which attackers use compromised email accounts to launch attacks on businesses, is growing both more popular among cybercriminals and more devastating. This is according to a new report from TradingPlatforms.com, which claims that BEC was more costly than most other frauds combined in the US last year. In 2020, the FBI’s …

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The many moving parts of business email compromise

Email-borne scams have existed for almost as long as email has existed. As organizations and security vendors move to protect against common variants of phishing attacks, cybercriminals always seem to stay one step ahead by adapting their techniques to bypass any security measures in place. The latest variant of email scams plaguing organizations hide their complex machinations under a veneer …

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