Remove 2016 Remove Continuity Remove Email Compromise
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KnowBe4 Phishing Tool Looks To Take Down CEO Fraud

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KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI. Those replies are then recorded and made available for IT managers to download and review if needed.

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Paper Checks, Email Fraud Top Enterprise Security Threats

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Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. But, Vigue added, 2017 will be a year of continued innovation in the technology that can prevent, detect and mitigate a corporate cyberattack. In addition, the battlefield is evolving.

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FBI Pinpoints ‘Ground Zero’ For Supplier Email Scams

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The Federal Bureau of Investigation has been targeting the Business Email Compromise for years, warning companies to be aware of fake supplier emails and invoices requesting firms to wire funds. Businesses across 100 countries have been affected; reports of the scam in 2016 are already up by 270 percent.

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Business Email Scammers Finding Success With UK Firms

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s Charity Commission issued a warning in early 2016 over mandate fraud and the threat the scam poses to charities in particular. The threat of mandate fraud is an ongoing issue for charities, with cases continuing to be reported to Action Fraud from across the sector,” the Commission said in its January 2016 alert.

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Businesses Urged Not To Pay Ransom To Cyberattackers

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Issues like phishing and the Business Email Compromise (BEC) are top concerns, yet ransomware cannot be ignored as a destructive force. Nearly half of the small businesses surveyed by Hiscox last year said they had been targeted by at least one cyberattack, while 44 percent said they were hit by between two and four attacks.

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Report: Email Variants Keep BEC Fraud Humming Along

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As noted in a report by FireEye, the bad guys are continuing to leverage a tactic known as business email compromise (BEC), where that method of communication seeks to impersonate persons of authority from within a firm, or alternatively, legitimate business partners, to requests funds be sent to accounts (and then of course, pilfered).

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How Faster Payments Demands Faster Reactions Against B2B Payments Fraud

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We can see fraud patterns and changes earlier, because we are continuously monitoring [the data],” Little explained of the new solution. “We She pointed to what she described as a “ridiculous surge” in Business Email Compromise (BEC) scams as one example of how cybercriminals are landing in the B2B payments realm with their crimes.