Tags business email compromise

AIG says its cyber insurance plans don't cover criminal acts; wants lawsuit tossed

by Jeff Stone • 1 week ago

It's the latest dispute between an insurer and client over whether a plan can cover losses incurred by online fraud.

U.S. arrests 281 people worldwide accused of involvement in BEC scams

by Jeff Stone • 1 month ago

The news comes weeks after the Justice Department made public charges against another 80 people accused of similar crimes.

Blockbuster indictment against 80 fraud suspects details a complex global scam operation

by Jeff Stone • 2 months ago

The indictment provides details about the inner workings of a BEC operation.

Criminals made off with $301 million per month last year via business email compromise scams

by Jeff Stone • 3 months ago

Attacks on the manufacturing and construction industries propelled much of the growth.

West Africa's Scattered Canary gang shows how cybercriminals supersize email scams

by Sean Lyngaas • 4 months ago

For a time, the group almost exclusively targeted businesses in the U.S. and Canada, netting over 3,000 account credentials through phishing.

Email scammers stole more than $150K from defense contractors and a university, FBI says

by Sean Lyngaas • 7 months ago

Scammers were able to obtain fraudulent lines of credit to buy expensive technical equipment in the organizations’ names, the FBI said last week in an industry advisory obtained by CyberScoop.

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