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Report Shows Business Email Compromise (BEC) Attacks Increase and Phishing Used as Initial Attack Vector in the Last Year

KnowBe4

Secureworks has published a report looking at cybercrime over the course of 2022, finding that business email compromise (BEC) attacks nearly doubled last year. Additionally, attacks in which phishing was used as the initial access vector (IAV) increased by nearly three times last year.

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New Research: BEC Attacks Rose 246% in 2023

KnowBe4

Business email compromise (BEC) attacks surged by 246% last year, according to researchers at ReliaQuest.The researchers believe the increase is due to widely available phishing kits that facilitate BEC.

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BEC Scam Losses Surge as the Number of Attacks Diminish

Data Breach Today

Cosmic Lynx the First Russian Gang to Enter the BEC Game The average amount stolen in a business email compromise (BEC) scam increased 48% during the second quarter of 2020, however, this transpired as the number of attacks decreased during that period, reports the Anti-Phishing Working Group.

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Unmasking 2024’s Email Security Landscape

Security Affairs

Analyzing the Email Security Landscape and exploring Emerging Threats and Trends. Amidst this dynamic landscape, email stands as a primary battleground for cyber defense. Key Findings from the “Email Security in 2024” Report In an exhaustive review, VIPRE processed 7.2 million as malicious.

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GUEST ESSAY: How to mitigate the latest, greatest phishing variant — spoofed QR codes

The Last Watchdog

QR code phishing attacks started landing in inboxes around the world about six months ago. Related: ‘BEC’ bilking on the rise These attacks prompt the target to scan a QR code and trick them into downloading malware or sharing sensitive information. This is a true reflection of the attack landscape.

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CERT-UA warns of malware campaign conducted by threat actor UAC-0006

Security Affairs

The Ukraine CERT-UA warns of a concerning increase in cyberattacks attributed to the financially-motivated threat actor UAC-0006. The threat actors focus on compromising accountants’ PCs (which are used to support financial activities, such as access to remote banking systems), stealing credentials, and making unauthorized fund transfers.

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GUEST ESSAY: These advanced phishing tactics should put all businesses on high alert

The Last Watchdog

Phishing attacks are nothing new, but scammers are getting savvier with their tactics. Related: The threat of ‘business logic’ hacks. One example comes from Proofpoint, where a researcher began corresponding with an attacker posing as another researcher. Spear phishing. Compromised email.

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