Visser Precision, a U.S. manufacturer that supplies Boeing, Lockheed Martin, Tesla and SpaceX, appears to have been hit by the DoppelPaymer ransomware gang, which has begun leaking internal data and threatening to leak more unless the victim pays a ransom.
A business email compromise group targeting U.S. businesses is using G-Suite for their scams and collecting money through physical checks instead of wire transfers, according to the security firm Agari.
Cybercrime led to $3.5 billion in losses in the U.S. last year, with a sharp uptick in business email compromise scams - which accounted for nearly half those losses, according to a newly released FBI Internet Crime Report, which is based on complaints the FBI received.
Data breaches involving phishing and related email compromises persist as a top challenge for healthcare providers. So, what are some of the top trends emerging from these incidents?
Online attack threats continue to intensify, with criminals preferring ransomware, DDoS attacks and business email compromises, warns Europol, the EU's law enforcement intelligence agency. After numerous successful disruptions by police, criminals have responded by launching increasingly complex attacks.
Ransomware, business email compromises and the malicious insider threat: These are the three top concerns of Canadian attorney Imran Ahmad as he looks ahead to the cybersecurity legal landscape in 2020.
This week's ISMG Security Report analyzes the cost of business email compromise attacks and the recent arrest of dozens of suspects. Also featured: updates on the easy availability of low-cost hacking tools and the latest payment card fraud trends.
A global law enforcement operation has resulted in the arrest of 281 suspects allegedly involved in business email compromise scams. The announcement comes on the same day as the FBI's Internet Crime Complaint Center says that losses from BEC scams have hit $26 billion and are continuing to rise.
Account takeover (ATO) attacks result in billions of dollars of fraud and damage to brand reputation each year. These are the costs and risks associated with ATO.
A new variant of the TrickBot banking Trojan is enabling attackers to conduct SIM swapping schemes against Verizon Wireless, Sprint and T-Mobile customers in the U.S., potentially paving the way for account takeover fraud, according to a report from Dell's SecureWorks division.
As email threats become more advanced, machine learning is being used to detect these attacks. Learn the latest about machine learning & how it is changing the threat landscape.
This session discusses:
How machine learning is being used to detect threats
Latest advancements in machine learning for cyber...
A recent attempt by hackers to trick a mental health provider into transferring funds serves as a reminder to other healthcare entities about the threat of business email compromises.
As the IT infrastructure evolves and becomes far more complex, security needs to be built in, not bolted on later, says VIjendra Katiyar of Trend Micro.
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