The U.S. Secret Service is combining its electronic and financial crime units into a single task force that will focus on investigating cyber-related financial crimes, such as BEC schemes and ransomware attacks. The move comes as lawmakers push for the Secret Service to take a more active role in fighting cybercrime.
The attack sounds ripped from an episode of TV show "24": Hackers have infiltrated a government network, and they're days away from unleashing ransomware. Unfortunately for Florence, a city in Alabama, no one saved the day, and officials are sending $300,000 in bitcoins to attackers for a decryption key.
Europe is targeting financial and economic crime, including fraud and money laundering, via the new European Financial and Economic Crime Center, hosted by the EU's law enforcement intelligence agency Europol. Officials say the launch of such a center during the COVID-19 pandemic is no accident.
As organizations around the world have shifted to remote working, security teams are struggling with an unprecedented amount of novel threats originating in the inbox. From stealthy impersonation attempts to domain spoofing attacks targeting concerned teleworkers, traditional security controls are proving ill-equipped...
Fraudsters have conned Norfund, a private equity investment firm based in Oslo, Norway, out of more than $10 million in what the company calls an "advanced data breach." But the incident bears the hallmarks of a business email compromise scam.
With 94% of cyber-threats originating in the email environment, it is clear that traditional tools are unable to keep up with advances in the threat landscape.
Spear phishing, impersonation attacks, and account takeovers remain fruitful avenues of attack for cyber-criminals aiming to infiltrate an organization....
TA505, a notorious cybercriminal group believed to be operating in Russia, is using business email compromise tactics to target a new group of victims - HR departments, according to security researchers, who describe the new scheme.
Federal government agencies certainly are not immune from phishing scams, and Aaron Higbee of Cofense is focused on tackling the unique challenges that government faces in detecting and stopping the crimes.
Visser Precision, a U.S. manufacturer that supplies Boeing, Lockheed Martin, Tesla and SpaceX, appears to have been hit by the DoppelPaymer ransomware gang, which has begun leaking internal data and threatening to leak more unless the victim pays a ransom.
As business email compromise schemes continue to evolve, some cybercriminals are focusing on accessing companies' financial documents, which provide useful information to support the theft of money, according to a new report from security firm Agari.
For close to three years, a technology executive was hounded by a persistent attacker who stole his identity, opened credit cards in his name, and wired funds from his bank account. Though SpyCloud helped bring this particular criminal to justice, these tactics are common in targeted attacks.
If your account...
Spear phishing emails remain the most popular attack avenue for the bad guys, yet most companies still don't have an effective strategy to stop them. This enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more. Don't get caught in a phishing net! Learn how to avoid...