Latest Business Email Compromise news

Nigerian man pleads guilty to attempted $6 million BEC email heist

Kosi Goodness Simon-Ebo, a 29-year-old Nigerian national extradited from Canada to the United States last April, pleaded guilty to wire fraud and money laundering through business email compromise (BEC).
- Bill Toulas
- September 22, 2023
- 03:24 PM
- 2
W3LL phishing kit hijacks thousands of Microsoft 365 accounts, bypasses MFA

A threat actor known as W3LL developed a phishing kit that can bypass multi-factor authentication along with other tools that compromised more than 8,000 Microsoft 365 corporate accounts.
- Ionut Ilascu
- September 06, 2023
- 06:33 AM
- 2
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- Sponsored by Specops Software
- June 28, 2023
- 10:01 AM
- 0
FBI: Business email compromise tactics used to defraud U.S. vendors

The Federal Bureau of Investigation is warning companies in the U.S. of threat actors using tactics similar to business email compromise that allow less technical actors to steal various goods from vendors.
- Ionut Ilascu
- March 26, 2023
- 12:03 PM
- 1
Australian police arrest four BEC actors who stole $1.7 million

The Australian Federal Police (AFP) has arrested four members of a cybercriminal syndicate that has laundered $1.7 million stolen from at least 15 victims between January 2020 and March 2023.
- Bill Toulas
- March 24, 2023
- 03:49 PM
- 0
Microsoft: Business email compromise attacks can take just hours

Microsoft's Security Intelligence team recently investigated a business email compromise (BEC) attack and found that attackers move rapidly, with some steps taking mere minutes.
- Bill Toulas
- March 09, 2023
- 02:13 PM
- 0
Europol busts ‘CEO fraud’ gang that stole €38M in a few days

Europol has dismantled a Franco-Israeli 'CEO fraud' group that employed business email compromise (BEC) attacks to divert payments from organizations to bank accounts under the threat actor's control.
- Bill Toulas
- February 17, 2023
- 01:18 PM
- 0
FBI warns that BEC attacks now also target food shipments

Organizations in the food sector are now also targeted in business email compromise (BEC) attacks, according to a joint advisory issued by the FBI, the Food and Drug Administration Office of Criminal Investigations (FDA OCI), and the U.S. Department of Agriculture (USDA).
- Sergiu Gatlan
- December 16, 2022
- 01:31 PM
- 0
Automated dark web markets sell corporate email accounts for $2

Cybercrime marketplaces are increasingly selling stolen corporate email addresses for as low as $2 to fill a growing demand by hackers who use them for business email compromise and phishing attacks or initial access to networks.
- Bill Toulas
- December 08, 2022
- 11:22 AM
- 0
US charges BEC suspects with targeting federal health care programs

The U.S. Department of Justice (DOJ) has charged ten defendants for their alleged involvement in business email compromise (BEC) schemes targeting numerous victims across the country, including U.S. federal funding programs like Medicare and Medicaid.
- Sergiu Gatlan
- November 18, 2022
- 12:26 PM
- 0
New Crimson Kingsnake gang impersonates law firms in BEC attacks

A business email compromise (BEC) group named 'Crimson Kingsnake' has emerged, impersonating well-known international law firms to trick recipients into approving overdue invoice payments.
- Bill Toulas
- November 03, 2022
- 02:33 PM
- 0
FBI: Hackers steal millions from healthcare payment processors

The Federal Bureau of Investigation (FBI) has issued an alert about hackers targeting healthcare payment processors to route payments to bank accounts controlled by the attacker.
- Ionut Ilascu
- September 14, 2022
- 06:54 PM
- 0
Interpol seizes $50 million, arrests 2000 social engineers

An international law enforcement operation, codenamed 'First Light 2022,' has seized 50 million dollars and arrested thousands of people involved in social engineering scams worldwide.
- Bill Toulas
- June 15, 2022
- 10:26 AM
- 0
Sponsored Content
InQuest Labs: Man + Machine vs Business Email Compromise (BEC)

Attackers only have to be right once while defenders need to be right 100% of the time. To help combat this asymmetric disadvantage, InQuest provides an open research portal that combines crowdsourced efforts with machine learning to combat the likes of Bumblebee and other BEC related threats.
- Sponsored by InQuest
- June 15, 2022
- 10:01 AM
- 0
FBI says business email compromise is a $43 billion scam

The Federal Bureau of Investigation (FBI) said today that the amount of money lost to business email compromise (BEC) scams continues to grow each year, with a 65% increase in the identified global exposed losses between July 2019 and December 2021.
- Sergiu Gatlan
- May 04, 2022
- 12:19 PM
- 0
FBI disrupts BEC cybercrime gangs targeting victims worldwide

A coordinated operation conducted by the FBI and its international law enforcement partners has resulted in disrupting business email compromise (BEC) schemes in several countries.
- Bill Toulas
- March 30, 2022
- 12:13 PM
- 0
FBI warns of BEC attackers impersonating CEOs in virtual meetings

The Federal Bureau of Investigation (FBI) warned today that US organizations and individuals are being increasingly targeted in BEC (business email compromise) attacks on virtual meeting platforms.
- Sergiu Gatlan
- February 16, 2022
- 01:09 PM
- 0
Europol links Italian Mafia to million-dollar phishing scheme

In collaboration with Europol and Eurojust, European law enforcement dismantled an extensive network of cybercriminals linked to the Italian Mafia that was able to defraud their victims of roughly €10 million ($11.7 million) last year alone.
- Sergiu Gatlan
- September 20, 2021
- 08:41 AM
- 0
FBI warns of BEC scammers impersonating construction companies

The Federal Bureau of Investigation (FBI) warned private sector companies of scammers impersonating construction companies in business email compromise (BEC) attacks targeting organizations from multiple US critical infrastructure sectors.
- Sergiu Gatlan
- June 09, 2021
- 03:39 PM
- 0
Microsoft: Business email compromise attack targeted dozens of orgs

Microsoft detected a large-scale business email compromise (BEC) campaign that targeted more than 120 organization using typo-squatted domains registered days before the attacks began.
- Sergiu Gatlan
- May 07, 2021
- 04:56 PM
- 1