Business Email Compromise, Credential and Phishing

What is Business Email Compromise (BEC)?

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. In business operations, BEC is often used to manipulate individuals within an organization for financial fraud or unauthorized access to sensitive information. What is Business Email Compromise (BEC)?

Email Compromise

Email Compromise Business Email Compromise Compromise Phishing

Report: Email Variants Keep BEC Fraud Humming Along

PYMNTS

JULY 1, 2019

As noted in a report by FireEye, the bad guys are continuing to leverage a tactic known as business email compromise (BEC), where that method of communication seeks to impersonate persons of authority from within a firm, or alternatively, legitimate business partners, to requests funds be sent to accounts (and then of course, pilfered).

Business Email Compromise

Business Email Compromise Phishing Email Compromise Credential

What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. The report states that these victims mostly lost their money to BEC scams. The report states that these victims mostly lost their money to BEC scams. The most damaging form of BEC is account takeover (ATO) attacks.

Email Compromise

Email Compromise Compromise Business Email Compromise Risk

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

MORE WEBINARS

BEC Fraudsters Eye HR Departments As Prey

PYMNTS

APRIL 12, 2019

Thus, business email compromise fraud (BEC) is evolving too. As reported in darkreading.com, the gangs using BEC – new gangs and seasoned gangs – have recently been targeting human resource and finance professionals to grab direct deposit payroll information to siphon off funds.

Business Email Compromise

Business Email Compromise AFP ACH Email Compromise

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

DECEMBER 7, 2020

Business email compromise (BEC) scams continue to ravage company coffers. Just last week, IBM cybersecurity experts uncovered a widespread BEC attack targeting players in the coronavirus vaccine supply chain. But the BEC scam is not the only kind of business payments fraud plaguing firms today.

Business Email Compromise

Business Email Compromise Scams Crime Email Compromise

New Cyberattacks Surface To Steal Corporate Funds

PYMNTS

APRIL 4, 2019

Meanwhile, instances of the Business Email Compromise (BEC) are also on the rise: About 47 percent of all incidents examined last year were the result of a hack or malware — and, of those, about half were BEC scams. Through the spear phishing campaign, an unwilling employee inputs those credentials for the criminal.

Ransomware

Ransomware Phishing Direct Deposit Business Email Compromise

AP Automation Combats COVID Scams

PYMNTS

APRIL 21, 2020

Business email compromise (BEC), B2B phishing scams, synthetic identities, fake accounts and trillions of aid dollars flooding out at a time of maximum uncertainty make this a fraudster’s paradise.

Scams

Scams Automation Phishing Email Compromise

From Russia, With Malware: US Charges Hackers In $100M Bank Fraud

PYMNTS

DECEMBER 5, 2019

The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware. which is the group of hackers behind the Dridex malware used in phishing email attacks. Yakubets, who also has been known as “aqua,” has been cited as being the leader of Evil Corp.,

Treasury

Treasury Wires Wire Credential

From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud

PYMNTS

DECEMBER 5, 2019

The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware. which is the group of hackers behind the Dridex malware used in phishing email attacks. Yakubets, who also has been known as “aqua,” has been cited as being the leader of Evil Corp.,

Treasury

Treasury Wires Wire Credential

From The Phone To Email: How Scammers Hit SMBs

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. “No legitimate business or utility will call you and ask you to make a payment using a Green Dot card,” AG Frosh said in a statement.

Ransomware

Ransomware Online and Mobile Banking Small Business Scams

Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

FEBRUARY 1, 2021

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. The scam involves sending a phishing email claiming to be a Microsoft Office 365 update.

Data Breach

Data Breach Breach Business Email Compromise Scams

Cyberattackers Turn To Payments Fraud, Ransomware As Tech Firms Fight Back

PYMNTS

OCTOBER 5, 2020

Furthermore, the company said the most typical attack techniques that nation-state actors used in the past year were credential harvesting, reconnaissance, virtual private network (VPN) exploits and malware. The first half of this year had a 35 percent rise in overall attack volume in contrast to the latter half of last year.

Ransomware

Ransomware AFP Breach Payments

Invoice Fraud Strikes Amazon In $19M Scam

PYMNTS

AUGUST 24, 2020

This week's B2B Data Digest looks at the rising threat of the business email compromise (BEC) scam and invoice fraud on companies of all sizes in the U.S., 389 percent more BEC scams hit U.S. businesses between Q1 and Q2, per new Abnormal Security research revealed in its Quarterly BEC Report for Q2 2020.

Scams

Scams Business Email Compromise Ransomware Email Compromise

Anomali Identifies Scam To Steal Gov’t Procurement Site Credentials

PYMNTS

DECEMBER 17, 2019

An unidentified group is reportedly putting much effort into a complicated scam to steal the login credentials of government personnel. The victim is then offered a choice of logging in through email credentials from providers such as Google, Microsoft and Yahoo. Spoofed phishing site domains are hosted in Turkey and Romania.

Credential

Credential Scams Email Compromise Business Email Compromise

Payments Space

What is Business Email Compromise (BEC)?

Report: Email Variants Keep BEC Fraud Humming Along

What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Webinars

BEC Fraudsters Eye HR Departments As Prey

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

New Cyberattacks Surface To Steal Corporate Funds

AP Automation Combats COVID Scams

From Russia, With Malware: US Charges Hackers In $100M Bank Fraud

From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud

From The Phone To Email: How Scammers Hit SMBs

Why The Data Breach Decline Is Bad News For Businesses

Cyberattackers Turn To Payments Fraud, Ransomware As Tech Firms Fight Back

Invoice Fraud Strikes Amazon In $19M Scam

Anomali Identifies Scam To Steal Gov’t Procurement Site Credentials

Stay Connected