In our predictions report for 2019, “Mapping the Future: Dealing with Pervasive and Persistent Threats,” we foresaw an increase in the rate of BEC (business email compromise) attacks: “Business email compromise will go two levels down in the org chart.” From the report: “Business email compromise (BEC) remains a very potent and…
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By now, companies and consumers alike are well aware of the threat of a data breach. Large and small businesses across every sector have been targeted, and many customers are now familiar with the notification that their username, password or other details might have been compromised. The unfortunate fact is that, despite efforts on the…
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For years, one of the most lucrative ways for hackers to generate profits was through ransomware attacks. These instances involve the use of strong encryption to lock victims out of their files and data – attackers then sell the decryption key in exchange for an untraceable Bitcoin ransom payment. Now, however, another highly profitable attack…
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BEC is on the rise, but advanced AI writing style analysis could provide the key to protection.
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Welcome to our weekly roundup, where we share what you need to know about the cybersecurity news and events that happened over the past few days. This week, the details of 92 million accounts for MyHertitage were discovered on a private server outside of the company. Also, companies using services from PageUp are notifying employees that…
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It was a crazy week at this year’s RSA Conference in San Francisco. I always try to get a quick view of the floor to see companies old and new exhibit their wares. Unfortunately, work never sleeps when you attend a conference, and the shortage of seating at this year’s event left many, including myself,…
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Attendees to the Black Hat 2017 security conference said their No. 1 security concern and most time-consuming activity was phishing and social engineering attacks. That’s no surprise with the increase in Business Email Compromise (BEC) attacks and with most ransomware being delivered by email. But Black Hat Attendees also said the weakest link in their…
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Staff members are on the frontline when it comes to cyberattacks against their employers. They’re increasingly seen by hackers as a weak link in the cybersecurity chain. That’s why most threats today come via email, aimed squarely at tricking the recipient into downloading malware, divulging log-ins or making wire transfers to the attacker. We predict…
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Email is the No. 1 threat vector. Ninety-four percent of ransomware in 2017 used email to spread. Business Email Compromise (BEC) attacks, including CEO fraud, jumped a whopping 106 percent from the first half of 2017 to the second. In the meantime, businesses are moving their email systems to the cloud rapidly. Microsoft Office 365…
Read More Earlier this week, Trend Micro released its Security Roundup for 2017, which reveals an increase in ransomware, cryptocurrency mining and business email compromise (BEC) attempts over the past year as cybercriminals refined and targeted their attacks for greater financial return. Surprisingly, some of the biggest attacks still rely on known vulnerabilities that have available patches….
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