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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 ...
It is designed to give email domain owners the ability to protect their domain from unauthorized use, commonly known as email spoofing. The purpose and primary outcome of implementing DMARC is to protect a domain from being used in business email compromise attacks, phishing emails, email scams and other cyber threat activities.
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]
On Internet usage, an email bomb is a form of net abuse that sends large volumes of email to an address to overflow the mailbox, [1] [2] overwhelm the server where the email address is hosted in a denial-of-service attack [3] or as a smoke screen to distract the attention from important email messages indicating a security breach.