FBI: BEC now a $26 billion fraud, as HR payroll diversion attacks linked to same scammers
Business email compromise fraud shows no signs of slowing, according to new figures from the FBI.
BEC - News, Features, and Slideshows
News
-
-
Voice AI becomes an accessory to CEO fraud -- FBI advice to just 'pick up the phone'
Criminals listen to FBI advice to tackle email fraud by picking up the phone
-
Record Australian BEC, scam losses highlight need for better end-user education
Despite growing awareness, scammers are managing to steal more from Australians than ever
David Braue | 28 Aug | Read more
-
Australian fraud losses increasing as BEC scams surge
Australian businesses lost more than $7.2 million to email scammers last year and Australians are being hit harder by fraud than peers in many other countries, according to new figures that also flagged a 53 percent jump in business email compromise (BEC) last year.
David Braue | 01 May | Read more
-
McAfee: Watch out for LockerGoga, a ransomware in the making
LockerGoga could create a sharp pain for businesses in the short term.
-
FBI: US victims lost $2.7bn to online scammers in 2018, mostly to email fraudsters
Business email compromise (BEC) scams account for more than half of total losses
-
The week in security: A Parliament of howls as nation-state, BEC attacks fly thick and fast
The cyber attack on Australia’s Parliament House was all over the mainstream news, with the government careful not to rush to attribute the incident to China despite whispers to that effect.
David Braue | 18 Feb | Read more
-
Ex-employee sued by firm after falling for BEC scam
Email fraudsters cost a woman her job and her employer a ton of money.
-
BEC scammers use Gmail’s ‘Dots don’t matter’ policy to scale up fraud
Scammers exploit Google's Gmail policy on dots in email addresses to ramp up fraud campaigns.
-
Fully 61 percent of ASX100 exposed as email fraud gets personal
Surging business email compromise (BEC) losses are pushing businesses and government agencies towards “aggressive” adoption of DMARC anti-fraud technology, a security expert has observed while noting that new figures suggest 61 percent of Australia’s largest organisations are leaving themselves wide open to email fraud.
David Braue | 21 Sep | Read more
-
Despite education campaigns, Australians are falling harder for scams than ever
Concerted education campaigns and increasing technological familiarity are doing nothing to stem the uphill battle against escalating fraud, with new figures confirming Australians were fleeced out of $340 million by scammers in 2017 alone.
David Braue | 22 May | Read more
-
Security industry welcomes Budget’s AI support, but BEC-riddled Aussie businesses are more ambivalent
Significant AI investment encourages security vendors, but many Australian companies still doubt the technology’s value despite its value in stamping down non-malware cybercrime
David Braue | 10 May | Read more
-
Australia helps EU in latest crack down on money mules
Another 159 money mules arrested, nearly all moving cybercrime proceeds
-
Australian companies kicking security own-goals as military data theft highlights escalating cyber risk
Revelations that 30GB of sensitive Australian military data were exfiltrated from a subcontractor have underscored the risk faced by Australian companies that continue to leave themselves exposed by failing to employ “established and relatively straightforward cyber security measures”, the federal government’s peak cybersecurity body has warned as new data points confirms that local businesses are seeing increasing losses to cyber-attackers.
David Braue | 06 Nov | Read more
-
Gone in 15 seconds: why faster bank transfers make Australia an even bigger target for email fraud
Business email compromise (BEC) attacks have become the most lucrative form of cybercrime for increasingly meticulous, strategic criminals – and forthcoming changes in Australian banking settlements will turn local businesses into globally appealing targets, a security executive has warned.
David Braue | 19 Oct | Read more
