How to Fight Business Email Compromise (BEC) with Email Authentication?

An ever-evolving and rampant form of cybercrime that targets emails as the potential medium to conduct fraud is known as Business Email Compromise. Targeting commercial, government as well as non-profit organizations, BEC can lead to huge amounts of data loss, security breach, and compromised...

How to Fight Business Email Compromise (BEC) with Email Authentication?

An ever-evolving and rampant form of cybercrime that targets emails as the potential medium to conduct fraud is known as Business Email Compromise. Targeting commercial, government as well as non-profit organizations, BEC can lead to huge amounts of data loss, security breach, and compromised...

Major BEC Phishing Ring Cracked Open with 3 Arrests

Three men suspected of participating in a massive business email compromise BEC ring have been arrested in Lagos, Nigeria. A joint INTERPOL, Group-IB and Nigeria Police Force cybercrime investigation resulted in the arrest of the Nigerian nationals, believed to be responsible for distributing...

BEC Wire Transfers Average $80K Per Attack

The average wire-transfer loss from business email compromise BEC attacks is significantly on the rise: In the second quarter of 2020 the average was $80,183, up from $54,000 in the first quarter. That’s according to the recently released Anti-Phishing Working Group APWG’s Phishing Activity Trend...

A 'New Age' of Sophisticated Business Email Compromise is Coming

A newly discovered, sophisticated threat group that targets organizations without DMARC implemented and relies on business email compromise is heralding what researchers call “a new age” of business email compromise. The group, called Cosmic Lynx, is the first reported Russian BEC cybercriminal...

Business Email Compromise (BEC) Criminal Ring

A criminal group called Cosmic Lynx seems to be based in Russia: Dubbed Cosmic Lynx, the group has carried out more than 200 BEC campaigns since July 2019, according to researchers from the email security firm Agari, particularly targeting senior executives at large organizations and corporations...

First-Ever Russian BEC Gang, Cosmic Lynx, Uncovered

Researchers say they have discovered the first-ever reported Russian business email compromise BEC cybercriminal ring, showing that sophisticated attackers beyond the usual Nigerian scammers are setting their sights on the email-based attack vector. The BEC gang is called Cosmic Lynx, and has bee...

Looks Like Russian Hackers Are on an Email Scam Spree

A group dubbed Cosmic Lynx uses surprisingly sophisticated methods—and targets big game...