Business email compromise (BEC) continues to be one of the fastest growing and most risky attack vectors for companies, as it has become a multimillion-dollar business that causes almost 80 times more losses than ransomware.

The Barbie movie has captivated audiences worldwide, breaking box-office records and generating massive excitement and enthusiasm among fans. However, as with any major news sensation, threat actors are quick to exploit the fervor surrounding the movie for their malicious gain. The Barbie movie, given its immense popularity, has become an ideal bait for cybercriminals seeking to exploit the frenzy around it.

It’s late Friday evening and Tom (your average everyday employee) has worked diligently to meet project deadlines and follow up with customers before his much-anticipated weeklong vacation. Exhausted from burning the midnight oil and juggling multiple tasks, he’s eager to wrap up his work and enjoy a well-deserved break. As Tom completes his last remaining task, he is greeted with one final email before signing off for the week.

New data focused on the first half of the year shows some anomalies. Phishing attacks are slowing down… that is, until you dive into the details. I can’t remember the last time I posted a headline stating that phishing numbers were down; that’s because we haven’t seen this trend occur in a number of years. But new data from Vade Secure’s H1 2023 Phishing and Malware Report shows an interesting outlier that skews a high-level view of the data.

Social engineering has long been a popular tactic among cybercriminals. Relying exclusively on information security tools does not guarantee the safety of an IT infrastructure these days. It is critically important to enhance the knowledge of employees regarding information security threats. Specifically, there is often a pressing need to educate employees about phishing. But how could phishing awareness training go wrong, and what can be done about it?

The US Federal Bureau of Investigation (FBI) has warned of an increase in tech support scams that attempt to trick users into sending cash via snail mail.

Microsoft was the most impersonated brand in phishing attacks during Q2, 2023, according to Check Point’s latest Brand Phishing Report.

The latest data from the FBI’s Internet Crime Complaint Center (IC3) ups the estimate for the cost of losses and exposure through business email compromise (BEC) attacks from 2013 through 2023. In the latest advisory from the IC3 entitled “Business Email Compromise: The $50 Billion Scam,” there was a 17% increase in losses from BEC attacks in 2022.