Tags business email compromise
AIG says its cyber insurance plans don't cover criminal acts; wants lawsuit tossed
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
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
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
Attacks on the manufacturing and construction industries propelled much of the growth.
West Africa's Scattered Canary gang shows how cybercriminals supersize email scams
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
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.