Category Archives: Business Email Compromise (BEC)

Spear Phishing: Not Just For Finance

Phishing, and particularly spear phishing, may be low tech, but it remains one of the most potent tools in the cyber criminal’s toolbox. In the past it has usually been used for financial crimes, along with some industrial and national espionage, but there is an alarming increase in attacks aimed at more general intelligence gathering. […]

Milwaukee Bucks Fall Victim to W-2 Spear Phishing

Earlier this morning the Milwaukee Bucks announced that their organization had become the recent victim of a W-2 spear phishing attack. Crooks managed to extort the Buck’s 2015 tax records for every employee, including players. Similar to a number of incidents we’ve detailed in the past, attackers impersonated the organization’s CEO (or in this case […]

Cloudmark’s Security Threat Report, 2016 Q1

Cloudmark’s Security Threat Report for Q1 of 2016 is now live. This quarter we cover: Characteristics of and methods used in script-based Locky ransomware attacks The Locky family’s explosion onto ransomware scene in Q1 due to aggressive distribution A look at the regions most impacted by Locky Analysis of Locky attacks sent to Japan, the […]

The Top 5 CEO Email Wire Fraud Attacks: Rising in Frequency, Increasing in Financial Losses

As an attack, the CEO email wire fraud attack couldn’t be simpler. There’s no malware to write and no malicious code or links to implant. It’s a text only email, plain and simple – but it’s the social engineering that makes it work. Due to its simplicity, these spoofing attacks are one of the fastest […]

Spear Phishing: The Secret Weapon Behind the Worst Cyber Attacks

To users, spear phishing emails may seem like innocent requests for information or other forms of benign contact, potentially appearing to even come from a person or company a user is friendly or familiar with. But for attackers, spear phishing emails are most often the best way to get the keys to the kingdom. Most […]

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