Scammers are taking advantage of the monkeypox virus outbreak to launch phishing campaigns targeting healthcare providers and public health organizations to harvest credentials, the Department of Health and Human Services' Health Sector Cybersecurity Coordination Center says.
Hackers behind a campaign of deceptive sweepstakes spam hacked their way into Azure cloud accounts that lacked multifactor authentication and obtained admin privileges for Exchange servers. Microsoft advises turning on MFA and other measures such as conditional access.
An Iranian state-sponsored group in operation since 2015 relies on highly targeted social engineering to try and attack individuals and organizations that Tehran deems enemies of the regime, says a new report from cyberthreat intelligence firm Mandiant.
Why is business identity theft increasing, and what are the latest tactics fraudsters are using to scam businesses and gig workers? Eva Velasquez, CEO at the Identity Theft Resource Center, shares her views on how business identity theft has evolved over the years and how to prevent it.
Ransomware gets the headlines, and phishing sets off the most alerts, but business email compromise costs enterprises the most - more than $43 billion since 2016. U.S. Secret Service agents Stephen Dougherty and Michael Johns discuss the criticality of rapid detection and response.
Accenture analyzed the top 20 most active ransomware leak sites to see how threat actors are posting sensitive corporate information and making the data easy to search and exploit. Accenture's Robert Boyce explains how cybercriminals are weaponizing stolen ransomware data for follow-up attacks.
Cloud collaboration suites like Microsoft 365 are critical to business success, but have become significant entry points for potential exploitation. Just as your team relies on email and collaboration tools to accomplish their goals, so too do sophisticated threat actors. And while the built-in security of Microsoft...
Research by Dun & Bradstreet says business identity fraud jumped 254% in 2020. Tools can help prevent this fraud but may create greater friction, say Andrew La Marca, senior director at Dun & Bradstreet, and Ralph Gagliardi, agent in charge, High Tech Crimes Unit, Colorado Bureau of Investigation.
Three Nigerian nationals accused of participating in multimillion-dollar business email compromise fraud with a fixation on universities arrived in the United States after extradition from the United Kingdom. They allegedly attempted to steal more than $5 million.
Attackers used a phishing campaign to direct unwitting Microsoft business email customers into supplying logon credentials to a proxy server. Attackers stole online session cookies, allowing them to defeat MFA and access inboxes. From there, they emailed corporate vendors to obtain financial data.
The past few years have shown us a tremendous shift in BEC attacks, which changed its strategies from Executive Impersonation to opting to impersonate third party vendors and suppliers instead. This shift has given the threat actors a plethora of additional trusted identities to exploit.
This Threat Intelligence...
Sophisticated bots can quickly and easily create many fake new user accounts. The accounts are either completely fake or are created using details where the real human is unaware of the fraud. These new phony accounts are then used to carry out malicious activity, such as payment fraud, special offers, discount abuse,...
Abnormal Security is out with new financial crimes research, and it
shows that traditional business email compromise is evolving into
new forms of financial supply chain compromise. Crane Hassold
shares insights on the crimes and how best to detect, deter and
respond to them.
In a video interview with Information...
Ransomware continues to pummel organizations, with the average ransom payment reaching $925,000 so far this year, but the aggregate financial impact of business email compromise attacks is even worse, says Wendi Whitmore, head of Unit 42 at Palo Alto Networks.