Business email compromise (BEC) attacks made up more than 50% of incidents within social engineering in 2023, according to Verizon. The bad guys aren’t just increasing the volume of their attack attempts, they’re also getting way more sophisticated and automated in how they craft their impersonation messages. To avoid financial losses, CISOs should consider creating […]
You have a Business Continuity Plan. You have a Disaster Recovery Plan and a Cyber Incident Response Plan. You even have a Ransomware Incident Response Plan. But do you have a Business Email Compromise (BEC) Incident Response Plan? BEC or Email Account Compromise (EAC) was known as the $26 billion scam in 2019. The Federal […]
The damage from executive email account takeovers can run into millions of dollars, as recent examples show. In 2019, Toyota Boshoku Corporation lost $37 million after the information in a payment direction from a third-party was changed, sending millions to the fraudsters. The recent SolarWinds attack was bad enough, and now Nobelium, the group responsible, […]
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