30 Mar 2021

US Imprisons BEC Scammer

The US has sent a Plano resident to jail over BEC scams after finding him guilty of conspiracy to commit bank fraud, wire fraud, money laundering, aggravated identity theft, and mail fraud. Babatope Joseph Aderinoye was tried in October 2020, during which more information was exposed about his operations. Court

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30 Apr 2019

FinServ Sees 60% Spike in Business Email Compromise

Business email compromise (BEC) attacks targeting financial services organizations increased by a whopping 60% between 2017 and 2018, a new Proofpoint report shows. The research also found that BEC scammers almost always spoof the identity of multiple employees in order to target other employees within the same organization. In 56%

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08 Feb 2019

Business Email Compromise Attacks See Almost 500% Increase

A new report by Proofpoint indicates that business email compromise (BEC) scams surged 476% between between Q4 2017 and Q4 2018. Moreover, that same period saw a 226% increase of email fraud attempts targeting businesses.. Other key findings of the research where a dramatic increase (442%) of phishing attacks involving fake social

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04 Feb 2019

Email authentication use growing steadily in every industry sector

According to a new report by Valimail, the vast majority of U.S. federal government agencies have successfully adopted Domain-based Message Authentication Reporting & Conformance (DMARC), a security standard to combat fake emails. Adoption of standards like DMARC is also on the rise among major companies and in the health care sector, although

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16 Jan 2019

BEC Scammers Go After Employee Paychecks

Cybersecurity experts have noticed an uptick in business email compromise (BEC) scams in which threat actors go after monthly employee paychecks. The scam starts with a threat actor impersonating an employee of a targeted company in an email to the firm’s department that is in charge of payroll. The crook will

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