What happens when an e-commerce retailer sends customers a data breach notification email with a subject line that reads "strictly private and confidential"? "Clearly trying to make people stay quiet," responded one unamused Fat Face customer. Others report being none the wiser as to what risks they now face.
A recent phishing scheme used fake Microsoft Office 365 update messages to target financial executives and others in an effort to harvest their credentials, according to the security firm Area 1.
This edition of the ISMG Security Report features an analysis of the Microsoft Exchange on-premises server hacks – from who might have leaked the vulnerability exploits to how ransomware gangs are taking advantage of the flaws. Also featured: Tackling the cybercrime business model; assessing "zero trust."
A Nigerian national has been sentenced to 10 years in prison after pleading guilty to taking part in a business email compromise operation that extorted $11 million from its victims, according to the U.S. Department of Justice.
Fraudsters are using Google forms to target retail, telecom, healthcare, energy and manufacturing companies in an apparent reconnaissance campaign to identify targets for a possible follow-up business email compromise attack.
Researchers at the security firm Proofpoint are tracking several fraud schemes leveraging COVID-19 vaccine-themed emails. The schemes include business email compromise scams, messages with malicious attachments and phishing emails designed to harvest credentials.
Fraudsters are increasingly exploiting the auto-forwarding feature in compromised email accounts to help conduct business email compromise scams, the FBI warns.
India's urban cooperative banks need to take a holistic approach to build a security governance structure, opt for an ASP services model and map their business-critical risks to comply with the RBI's security posture guidelines, according to a panel of experts.
Interpol, Nigerian law enforcement agencies and security firm Group-IB have collectively uncovered a massive Nigerian business email compromise gang that was active across more than 150 countries. Three suspected members have been arrested in Nigeria.
COVID-19 accelerated everything else digital; why not fraud, too? In this latest CEO/CISO panel, cybersecurity leaders talk frankly about the pace and scale of new fraud schemes from business email compromise to card not present to insider risk.
The year 2021 will see an increase in third-party risks, the evolution of MSSPs, and maturity in identity governance as enterprises in the Middle East region take a fast track approach to the 'cloud-first' strategy, according to a panel of experts.
Attackers have been actively exploiting a flaw in Rackspace's hosted email service to send phishing emails, bearing legitimate and validated domain names, as part of business email compromise scams, warns IT security testing consultancy 7 Elements. Rackspace tells customers it plans to fix the problem soon.
The U.K. NCSC responded to over 700 cyber incidents over a 12-month period, 200 of which were related to the COVID-19 pandemic, according to the cyber agency's annual report. NCSC also notes that's it's preparing to step-up its response to cyber incidents involving the NHS and vaccine development.
The Republican Party of Wisconsin says fraudsters used phishing emails and doctored invoices to steal $2.3 million earmarked for President Donald Trump's reelection campaign. The FBI is investigating.
Business email compromise scams continue to proliferate around the globe, with the U.S. now second only to Nigeria as a home base for the cybercriminal organizations waging the campaigns, according to a study by the security firm Agari.
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