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BEC complaints grew by 13% in recent years. The frequency of these attacks has increased by 13% in the three years since 2020, and in 2022, losses from BEC scams totaled more than $2.7 billion ...
SilverTerrier is a code name for a syndicate of BEC cyber criminals. Identified by the Interpol's Global Financial Crime Taskforce to be from Nigeria, they are a syndicate of over 400 unique actors or groups accused of targeting thousands of organizations worldwide through business email compromise (BEC) scams.
Also known as business email compromise (BEC) or impersonation fraud (and by a variety of other names), social engineering fraud typically involves someone impersonating a person close to the insured company (an employee, an executive, a vendor or a client) and tricking the company into transferring funds to the fraudster. These funds are often ...
Business email compromise is a class of email fraud where employees with privileged access (such as to company finances) are deceived into making invalid payments or installing ransomware Advance-fee scam : Among the variations on this type of scam, are the Nigerian Letter also called the 419 fraud, Nigerian scam, Nigerian bank scam, or ...
Business email compromise attacks are a class of cyber crime which use email fraud to attack organizations. Examples include invoice scams and spear-phishing attacks which are designed to gather data for other criminal activities. A business deceived by an email spoof can suffer additional financial, business continuity and
Email is a very widely used communication method. If an email account is hacked, it can allow the attacker access to the personal, sensitive or confidential information in the mail storage; as well as allowing them to read new incoming and outgoing email - and to send and receive as the legitimate owner.
A cyberattack can be defined as any attempt by an individual or organization "using one or more computers and computer systems to steal, expose, change, disable or eliminate information, or to breach computer information systems, computer networks, and computer infrastructures". [2]
Hive employed a wide variety of tactics, techniques, and procedures (TTPs), creating significant challenges for defense and mitigation. According to the Federal Bureau of Investigation (FBI), it functioned as affiliate-based ransomware, using multiple mechanisms to compromise business networks, including phishing emails with malicious attachments to gain access, and Remote Desktop Protocol ...