South African police arrest eight men suspected of targeting widows in romance scams

South African police have arrested eight suspects in connection to romance scams that defrauded at least 100 women. The gang used “sob stories” as a lure to push women —…

Palo Alto warns of BEC-as-a-service, finds average wire fraud attempted is $567,000 with peak of $6 million

Business email compromise (BEC) continues to cost victims thousands — and sometimes millions — of dollars, according to a new report from Palo Alto Networks’ threat research group Unit 42.…

A Guide to Doing Cyberintelligence on a Restricted Budget

Cybersecurity budget cuts are everywhere. Chad Anderson, senior security researcher at DomainTools, discusses alternatives to fancy tooling, and good human skills alignment. For those in the industry, it comes as…

EU Proposals Could Unmask Domain Name Registrants

EU Proposals Could Unmask Domain Name Registrants The EU could be gearing up to ban anonymous registration of domain data in a bid to boost security and anti-piracy efforts, it…

Pitfalls To Avoid With Your Security Awareness Training (SAT) Program

If you’re tasked with securing your organization, your employees are usually one of the first priorities. Malicious actors know that employees are often an easy way to break into a…

Three Men Accused to Have Participated in a Scheme to Launder the Profits of a BEC Attack

Last week, the U.S. District Court for the Eastern District of Virginia has accused three men of money laundering and aggravated identity theft as part of a Business Email Compromise…

Banking Insider Accused of Role in $1m BEC Scheme

Banking Insider Accused of Role in $1m BEC Scheme Three men including one former bank employee have been indicted by a federal grand jury for their alleged role in a…

Former TD Bank, Bank of America employee allegedly helped email scammers launder money

Written by Jeff Stone Oct 8, 2021 | CYBERSCOOP An accused money launderer allegedly used his position as an employee at Bank of America and TD Bank to aid an…

The State of BEC in 2021 (and beyond)

Ransomware has made major cybersecurity story headlines in the past 12 months. Therefore, a lot of focus and corporate resources are spent on mitigating the risk of ransomware. And rightly…

Police say scammers who used email fraud, SIM swapping are connected to Italian mafia

Police in Europe have arrested more than 100 people who allegedly stole more than $11 million in a years-long fraud operation that law enforcement officials have linked to an Italian…