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Business Email Compromise is more than an email scam. It's a coordinated operation involving compromised accounts, financial research, and cash-out networks. Flare explores how underground forums reveal how BEC attacks are planned and executed. [...]
A threat actor got a near-continuous view into an influential finance executive's email inbox, thanks to clever use of legitimate, native Windows tools.
Who needs MFA when you've got EvilTokens? Hundreds of organizations have been compromised daily by a Microsoft device-code phishing campaign that uses AI and automation at nearly every stage of the attack chain to ultimately snoop through corporate email inboxes and steal financial data.…
Wanna know a secret? Whether you're logging into your bank, health insurance, or even your email, most services today do not live by passwords alone. Now commonplace, multifactor authentication (MFA) requires users to enter a second or third proof of identity. However, not all forms of MFA are created equal, and the one-time passwords orgs send to your phone have holes so big you could drive a truck through them.…
While no sensitive financial data like credit card information was compromised, the threat actors were able to get away with names, email addresses, phone numbers, and more.
It was one of the offenders' final warning Four staffers at the UK's Financial Conduct Authority (FCA) were let off with warnings over separate cases involving the transmission of regulator data to their personal email accounts.…
Banking Sector Faces Challenges in Meeting March 2026 Compliance DeadlineThe Central Bank of UAE has issued a directive asking financial institutions to eliminate weak authentication methods including SMS and email OTPs. Banks are also expected to implement real-time fraud monitoring and suspend sessions when malicious activity is detected.
Cybersecurity researchers have discovered a new phishing campaign that's being used to distribute malware called Horabot targeting Windows users in Latin American countries like Mexico, Guatemala, Colombia, Peru, Chile, and Argentina
At-Bay Cyber Insurance Claims Report Finds 83% of Financial Fraud Starts With EmailFinancial fraud remains the leading driver of cyberinsurance claims, with 83% of cases traced back to email-based attacks. Common tactics used to deceive employees include wiring funds to fraudulent accounts, generative AI-crafted emails, executive and vendor impersonation and BEC scams.
OCC mum on who broke into email, but Treasury fingered China in similar hack months ago A US banking regulator fears sensitive financial oversight data was stolen from its IT systems in what's been described as "a major information security incident."…
Breach Affects Pediatric, Orthodontic and Dental Surgery Practices in 6 StatesA Nashville, Tennessee firm that provides HR and finance services to dozens of specialty dental practices across six states is notifying more than 173,400 people of a 2024 email hacking incident affecting children and other patients. The company already faces several lawsuits related to the breach.
Phishers check in, your credentials check out, Microsoft warns An ongoing phishing campaign disguised as a Booking.com email casts keystroke and credential-stealing malware into hospitality employees' inboxes for financial fraud and theft, according to Microsoft Threat Intelligence.…
The payment card industry has set a critical deadline for businesses handling cardholder data or processing payments- by March 31, 2025, DMARC implementation will be mandatory! This requirement highlights the importance of preventative measures against email fraud, domain spoofing, and phishing in the financial space. This is not an optional requirement as non-compliance may result in monetary
A new tax-themed malware campaign targeting insurance and finance sectors has been observed leveraging GitHub links in phishing email messages as a way to bypass security measures and deliver Remcos RAT, indicating that the method is gaining traction among threat actors
UK hacker Robert Westbrook allegedly gained unauthorized access to corporate executives’ email accounts to profit from confidential financial information
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.
Though information such as dates of birth, email addresses, and home addresses were compromised, "the Beeb" assures individuals that financial information is still protected.
The U.S. Department of Justice (DoJ) has sentenced a 31-year-old man to 10 years in prison for laundering more than $4.5 million through business email compromise (BEC) schemes and romance scams
A new phishing campaign has been observed leveraging a novel loader malware to deliver an information stealer and keylogger called Agent Tesla
Abnormal Security also noted a 71% surge in BEC attacks against the same sector