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Posts Tagged ‘BEC scams’

A research from Trend Micro warns of spiraling risk to digital infrastructure and remote workers as threat actors increase their rate of attack on organizations and individuals. “Attackers are always working to increase their victim count and profit, whether through quantity or effectiveness of attacks,” said Jon Clay, VP of threat intelligence at Trend Micro. […]

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BEC attacks are generally low-volume but, according to a recent survey by GreatHorn, 71% of organizations experienced at least one in the past year. Trend Micro’s latest research has revealed that scammers have been ramping up their efforts and that some have switched to impersonating and targeting ordinary employees instead of executives or ranking management […]

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Cybercriminals are exploiting the mass shift to telework during the COVID-19 pandemic to conduct malicious operations, including BEC scams that are more likely to succeed due to the targeting of an email rule forwarding vulnerability. In 2019, BEC losses surpassed $1.7 billion, the FBI said in February 2020. According to the FBI, the attackers are […]

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