Crooks stole €15.5 million from the European variety retail and discount company Pepco through a phishing attack. The Hungarian business of the European discount retailer Pepco Group has been the victim of a phishing attack, crooks stole about 15 million euros ($16.3 million). The group operates three distribution lines: Poundland in the United Kingdom, Dealz in […]
Crooks created a new tool that uses Artificial Intelligence (AI) for creating fraudulent invoices used for wire fraud and BEC. Resecurity has uncovered a cybercriminal faction known as “GXC Team“, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams. Around November 11th, 2023, the group’s leader, operating under the alias […]
An international law enforcement operation, named HAECHI IV, led to the arrest of approximately 3,500 suspects and the seizure of roughly $300 million worth of assets. Interpol this week announced that an international law enforcement operation, named HAECHI IV, led to the arrest of approximately 3,500 suspects and the seizure of roughly $300 million worth […]
Microsoft warns that threat actors are using OAuth applications cryptocurrency mining campaigns and phishing attacks. Threat actors are using OAuth applications such as an automation tool in cryptocurrency mining campaigns and other financially motivated attacks. The attackers compromise user accounts to create, modify, and grant high privileges to OAuth applications to carry out malicious activity […]
A Nigerian national pleaded guilty to wire fraud and money laundering through business email compromise (BEC). The Nigerian national Kosi Goodness Simon-Ebo (29), who is residing in South Africa, pleaded guilty to conspiracy to commit wire fraud and conspiracy to commit money laundering through business email compromise (BEC). According to the US authorities, fraudulent activities […]
The WormGPT case: How Generative artificial intelligence (AI) can improve the capabilities of cybercriminals and allows them to launch sophisticated attacks. Researchers from SlashNext warn of the dangers related to a new generative AI cybercrime tool dubbed WormGPT. Since chatbots like ChatGPT made the headlines, cybersecurity experts warned of potential abuses of Generative artificial intelligence (AI) […]
Microsoft researchers warn of banking adversary-in-the-middle (AitM) phishing and BEC attacks targeting banking and financial organizations. Microsoft discovered multi-stage adversary-in-the-middle (AiTM) phishing and business email compromise (BEC) attacks against banking and financial services organizations. In AiTM phishing, threat actors set up a proxy server between a target user and the website the user wishes to […]
US government is warning of business email compromise (BEC) attacks aimed at hijacking shipments of food products and ingredients. The Federal Bureau of Investigation (FBI), the Food and Drug Administration Office of Criminal Investigations (FDA OCI), and the US Department of Agriculture (USDA) have published a joint security advisory to warn of business email compromise […]
The Nigeria Police Force has arrested the suspected leader of the SilverTerrier cybercrime group as a result of an international operation. The Nigeria Police Force has arrested the suspected leader of the SilverTerrier cybercrime gang (aka TMT) after a year-long investigation codenamed “Operation Delilah.” SilverTerrier has been active since at least 2014 and focuses on BEC […]
The FBI warned US organizations and individuals are being increasingly targeted in BECattacks on virtual meeting platforms The Federal Bureau of Investigation (FBI) warned this week that US organizations and individuals are being increasingly targeted in BEC (business email compromise) attacks on virtual meeting platforms. Business Email Compromise/Email Account Compromise (BEC/EAC) is a sophisticated scam that […]