While a significant number of attacks are not yet AI-driven, there's a noticeable shift in the creation of generative malware and lures for business email compromise, warned Ashan Willy, CEO at Proofpoint. LLMs are being used to create enticing lures in foreign languages to target broader audiences.
Cyberattacks are on the rise, and they're costing businesses billions of dollars each year. But what many businesses don't realize is that the biggest threat to their security is often their own employees.
Download this eBook, we'll explore how user ignorance can lead to cyberattacks, and we'll share real-world...
Business email compromise continues to be a significant threat and is one of the most financially damaging online crimes. Attackers continue to innovate and grow in sophistication, which means defenders need to leverage new technology, warned Mike Britton, CISO of Abnormal Security.
Business email compromise (BEC) attacks are one of the most costly and difficult cyber threats to prevent. Traditional email security solutions may not be enough to stop the latest BEC attacks that are getting through your current defenses.
In this eBook, you'll learn how to:
Identify the key differences between...
In the first quarter of 2023, there were over 220,000 BEC attacks reported. In 2020, BEC attacks cost organizations an estimated $1.8 billion. And the number of BEC attacks is only increasing.
Traditional security tools are not enough to protect against BEC attacks. These attacks often rely on social engineering...
Email is the most common attack vector for cybercriminals. In fact, 94% of all malware is delivered via email. Traditional email security solutions are not enough to protect against advance threats. These solutions often rely on signature-based detection, which can be easily bypassed by attackers.
In order to protect...
A Nigerian national has pleaded guilty to participating in a business email compromise scheme that stole $1.25 million from a Boston investment firm. Perpetrators used malware to intercept an employee's emails as well as spoofed email accounts to trick the employee's London financial services firm.
Cybercriminals may be using a generative AI tool called WormGPT to create convincing phishing emails to support business email compromise attacks. A new survey shows that 1 in 5 people fall for the fake, AI-generated emails, according to cybersecurity researchers.
Fraud leaders are under pressure to prevent fraud while also providing a frictionless customer experience. Email addresses are the logical front-end fraud prevention layer because they leave a trace of every online interaction. This trace can be used to assess the risk of every transaction, and it offers less friction...
Apart from some of the threats surrounding AI, this emerging technology can help defenders formulate effective policies and controls to prevent and mitigate BEC scams. With the evolving threat landscape, harnessing AI becomes crucial in defending, said Johan Dreyer, CTO at Mimecast.
Granting third parties access to sensitive data introduces inherent risks that organizations must address effectively. So how does an organization best manage that third-party risk while balancing an organization's inherent need for usability?.
Phishing attacks have come a long way from the spray-and-pray emails of just a few decades ago. Now they’re more targeted, more cunning and more dangerous. And this enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more.
Join Roger Grimes, KnowBe4’s...
This Expel Quarterly Threat Report (QTR) delivers intelligence you can put into play today on some of the most active attack vectors our SOC leadership team observed in the first quarter of this year. By sharing how attackers got in, and how we stopped them, we’ll translate the security events we detect into...
Understanding and Defending Against AI-Generated Email Attacks
ChatGPT. Google Bard. DeepFaceLab.
Generative AI is all the rage, and for good reason. What used to take hours can now be done in minutes, and what used to take minutes can be done in seconds. Which is great for productivity in the right hands.
But...
U.S. federal prosecutors unsealed indictments Wednesday against six Houston-area men for an alleged six-month spree of business email compromise thefts adding up to nearly $6 million. Business email compromise is a mainstay of social engineering fraud.
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