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.
An ongoing phishing campaign has targeted top officials at a German multinational company tasked with procuring personal protective equipment during the COVID-19 pandemic, according to IBM. While it's not clear if these attacks were successful, they contain the hallmarks of a nation-state group.
Surveillance researchers at Citizen Lab have tied thousands of "Dark Basin" corporate espionage phishing attacks to a small Indian cybersecurity firm called BellTroX InfoTech Services. It's led by Sumit Gupta, who was indicted by the U.S. in 2015 for criminal hacking on behalf of private investigators.
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.
A recently uncovered phishing campaign is spoofing notifications from Microsoft's Teams collaboration platform in order to harvest Office 365 credentials from employees working from home offices because of the COVID-19 pandemic, according to research from Abnormal Security.
A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB. The campaign, which targets Office 365 users, appears to trace to attackers operating from Nigeria and South Africa.
Alongside the sad and vast expense of legitimate claims, it is an unfortunate fact that in times of economic hardship, people have a history of taking any opportunity to exploit financial institutions for ill-gotten gain.
In the age of COVID-19 - when staying as close to home as possible and trying to avoid touching anything in public that might spread coronavirus is the new normal - cash is out, and "contactless" payments are in, if you're lucky enough to be able to use them.
Fraudsters are taking advantage of the uncertainty over the global COVID-19 pandemic to ramp-up business email compromise scams designed to steal money, the FBI and security researchers warn.
As global enterprises get their arms around supporting and securing a near-total remote workforce, their digital adversaries are adapting - and so is the role of deception technology. Carolyn Crandall of Attivo Networks discusses how deception can help mitigate new risks.
A recently uncovered spear-phishing campaign is using fears of the COVID-19 pandemic to spread an information stealer called LokiBot. FortiGuard Labs researchers find that cybercriminals are once again using World Health Organization images as a lure.
The latest edition of the ISMG Security Report offers an analysis of the phases businesses will go through in the recovery from the COVID-19 pandemic, plus an assessment of new risks resulting from the work-at-home shift and lessons learned from the Equifax breach.
Nigerian cybercriminal gangs have become even more proficient in waging business email compromise attacks, according to an analysis from Palo Alto Network's Unit 42 that describes recent trends.
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.
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