Latest cybersecurity reporting from selected sources.

The Spanish Police dismantled a cybercrime and money-laundering organization that made €140 million ($160 million) from investment fraud and business email compromise (BEC) attacks. [...]

U.S. victims lost nearly $21 billion to cyber-enabled crimes last year, driven primarily by investment scams, business email compromise, tech support fraud, and data breaches, the Federal Bureau of Investigation says. [...]

A Ghanaian national pleaded guilty to his role in a massive fraud ring that stole over $100 million from victims across the United States through business email compromise attacks and romance scams. [...]

Crypto mines, BEC scams, fake passports, and a $300M fraud empire allegedly brought down during Serengeti 2.0 Interpol's latest clampdown on cybercrime resulted in 1,209 arrests across the African continent, from ransomware crooks to business email compromise (BEC) scammers, the agency says.…

The U.S. Department of Justice charged four Ghanaian nationals for their roles in a massive fraud ring linked to the theft of over $100 million in romance scams and business email compromise attacks. [...]

Cyber-insurance carrier Coalition said business email compromise and funds transfer fraud accounted for 60% of claims in 2024.

Chalk up another win for global cooperation among law enforcement, this time targeting seven types of cyber fraud, including voice phishing and business email compromise.

INTERPOL said it devised a "global stop-payment mechanism" that helped facilitate the largest-ever recovery of funds defrauded in a business email compromise (BEC) scam.  The development comes after an unnamed commodity firm based in Singapore fell victim to a BEC scam in mid-July 2024. It refers to a type of cybercrime where a malicious actor poses as a trusted figure and uses email to

Payment fraud is the top risk to companies across the globe. Business email compromise is continually on the rise. Johnny Deutsch, co-founder and CEO of B2B payments protection company Creednz, discusses the need to integrate security into financial processes.

FBI Says It Received Most Attack Reports From Healthcare, Critical ManufacturingCybercrime reports submitted by victims to the FBI's Internet Crime Complaint Center surged last year, and the total reported losses exceeded $12.5 billion. Investment fraud and business email compromise losses dominated, and ransomware attacks spared almost no critical infrastructure sector.

By examining common social engineering tactics and four of the most devious threat groups, organizations can better defend themselves.

Kosi Goodness Simon-Ebo, a 29-year-old Nigerian national extradited from Canada to the United States last April, pleaded guilty to wire fraud and money laundering through business email compromise (BEC). [...]

Email fraud is a confidence game that costs the economy billions. An effective defense takes technology and vigilance.

Protection from business email compromise Webinar In the distant past, a master forger with a quill could fake a signature on the end of a letter but at least then you had time to consider the potential for fraud before any damage could be done. In the digital age of email, it's increasingly hard to spot a scam's threat to your security and react in time.…

Europol has dismantled a Franco-Israeli 'CEO fraud' group that employed business email compromise (BEC) attacks to divert payments from organizations to bank accounts under the threat actor's control. [...]

Man known as “Hushpuppi” linked to fraud and business email compromise

An Instagram influencer known as 'Hushpuppi' has been sentenced to 11 years in prison for conspiring to launder tens of millions of USD from business email compromise (BEC) scams and various cyber schemes. [...]

Fraudster innovation will continue to drive successful phishing, business email compromise, and socially engineered attacks, researchers say.