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Restoring Trust to Digital Communications: Working with Human Nature

Cybercriminals have used email to scam more than $13 billion out of organizations since 2013, according to the most recent Internet Crime Report. Phishing is rising by the day, and despite advancing threat-detection technology, the problem is getting worse. Why? Fraudsters are becoming more sophisticated at identifying targets and crafting messages that evade traditional secure email gateways. And...
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Email Security: Using AI to Prevent Business Email Compromise

Business email compromise (BEC), phishing, and ransomware are growing ever-more targeted and personalized, changing the face of email security from an event that happens at email delivery to a continuous process of detection and remediation. As enterprises move email to the cloud, more of these attacks are never-before-seen, zero-day events targeting unreported security gaps. Others arrive as...
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From One to Many: Scattered Canary Evolves from One-Man Startup to BEC Enterprise

There is no denying that business email compromise (BEC) is big business, with losses exceeding a billion dollars in the United States in the last year alone. Globally, BEC attacks have cost more than $13 billion in the last five years. Chances are likely that you’ve probably been a recipient of one of these social-engineered emails yourself. But the question remains… who is behind these...
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SOC Costs Double as Employee-Reported Phishing Surges 25%

A 25% spike in employee-reported phishing attacks during the first quarter of 2019 has increased the time required for security operations centers (SOCs) to respond to phishing incidents by as much as 32%—and the price tag is rising fast.According to the new Q2 2019 Email Fraud and Identity Deception Report from the Agari Cyber Intelligence Division (ACID), employees now report an average of 29...
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5 Reasons Why I Joined Agari as Chief Business Development and Strategy Officer

A 300% increase in phishing attacks in just twelve months, with more than 40% launched using cloud-based email, URLs, or both. As many as 1.5 million malicious emails sent from hijacked Office 365 accounts on a monthly basis. Average losses of $2 million for the businesses they victimize—and $7.9 million in additional average costs when they result in a data breach.Unfortunately, these numbers are...
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Why DMARC Could Make or Break Your B2B Email Marketing Programs

In B2B email marketing, nothing says amateur hour like a landing page with the words "Not Secure" in the URL. A missing SSL certificate is bad enough, but it's the lack of something called "Domain-based Message Authentication, Reporting & Conformance" (DMARC) that could obliterate your KPIs and cost your company millions in brand reputation and revenue. As the CMO of a fast-growth technology...
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Can Remote Employees Solve Your Tech Hiring Crunch? Yes, If You Know What to Expect

Finding talent for a fast-growing tech startup is a challenge, especially in competitive markets like Silicon Valley. The solution to hiring the people you need without waiting forever, poaching from competitors, and breaking your salary budget? Look beyond your local market for new sources of talent. At Agari, we are always on the lookout for talent near our Bay Area headquarters. But we also...
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Quick, Urgent, Request: Agari Research Reveals Top Ten Subject Lines Used for BEC

You likely have a fraudulent email from a business email compromise (BEC) scammer sitting in your inbox, and you may not realize it. However, recent research from the Agari Cyber Intelligence Division (ACID) has shown that these advanced phishing attacks increasingly possess a handful of commonalities, making them easier to spot—which is good news considering their popularity.There are more BEC...
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Current Email Architecture Transformation Raises the Bar for Security

Enterprise email architecture is evolving, which is good news for cybercriminals. Legacy secure email gateways (SEGs) simply don't provide full protection from today’s evolving and costly attacks, and cloud-based email requires a new security approach. In contrast, the next generation of email security—the AI-powered Secure Email Cloud—gives organizations more comprehensive security and better...
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2018 Internet Crime Report Shows Business Email Compromise (BEC) is Still Big Business

Every year, the Internet Crime Complaint Center, also known as IC3, publishes an annual report looking at the different types of internet-based crimes reported to the FBI. Over the last year, victims around the globe lost $2.71 billion to all types of cybercrime, which includes lottery scams, hacktivism, gambling fraud, malware, ransomware attacks, and tech support fraud, among others. While each...
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Agari Research Finds 2020 Presidential Campaigns Vulnerable to Next-Gen Phishing Attacks

The type of email attacks that helped derail Hillary Clinton’s presidential bid during the 2016 presidential election cycle could be a prelude to the aggressive tactics we may see in 2020—and new data suggests early candidates and their campaigns aren’t ready to defend themselves. According to analysis captured in the Email Fraud and Identity Deception Report from the Agari Cyber Intelligence...
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2020 Presidential Campaigns Susceptible to Nation-State Email Attacks—Agari Can Help

Three years ago, Russian operatives spear phished the email account of Hillary Clinton's campaign chairman during the 2016 US presidential election. Even though that memory looms over candidates and the country, Agari analysis finds that 83 percent of the top candidates still have vulnerable email accounts—and even fewer have implemented the authentication necessary to prevent email impersonation...
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Bitcoin: The Next Evolution in BEC Cash Out Methods?

Historically, business email compromise (BEC) threat actors have used wire transfers as a means to steal money from businesses. Impersonating a trusted contact, usually a company executive, a scammer requests that a fictitious vendor get paid by sending money to a bank account controlled by the scammer or an associate. Today though, we've seen a new trend: cybercriminals outright asking for...
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Brand Impersonation Attacks on Law Firms Harm Clients and Cost Millions

Imagine this scenario: you call your high-profile client on your way into the office to check in and see if they’re ready to make the multimillion-dollar down payment on a new property. They tell you they wired it yesterday, following your email instructions. But you never sent them an email.Now you have to tell your client that that email didn’t come from you. Except that it did—or at least from...
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Do You Know Where Your W-2 Is? Probably Where You Left It

It’s like clockwork. Every year around tax time security vendors (even us!) push out warnings about W-2 forms being stolen at tax time, and every year dozens of organizations disclose that someone inside of their organization fell victim to a BEC scam where actors were asking for W-2 information. Historically, actors switch to W-2 phishing campaigns starting at the end of January, and typically...
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The Time is Now: Underscoring the Importance of DMARC for State and Local Governments

Scammers know that impersonating a trusted government agency is an extremely effective way to trick or scare victims into handing over money, personal data, or sensitive information. In many cases, it’s all too easy for cybercriminals to use the agency’s own domains to send authentic-looking phishing emails to constituents and contractors. That’s why the Department of Homeland Security announced...
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Beware of Phishing Attacks as Tax Day Looms Closer

The April 15th deadline to file taxes in the United States is almost here, which means Tax Day phishing operations are in high gear. Impersonating the IRS is a year-round favorite tactic for cybercriminals. In fact, the IRS was the third most-impersonated brand in Q4 2018. But with the April 15th deadline on the horizon, criminals know that now is the perfect time to exploit anxiety, distraction...
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Thinking Differently About BEC: Sharing Intel for the Greater Good

When it comes to sharing threat intelligence with one another, organizations tend to play the game differently. Some prefer to play the “secret squirrel game,” where attribution is something so sacred that names of actors can only be whispered behind closed doors. In other cases, data is bought on the dark underbellies of the Internet and then sold back to organizations as threat intelligence. For...
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BIMI Adoption Grows as Marketers Realize Its Value

With competition soaring and email-based brand impersonation scams skyrocketing 11x since 2014, your most important digital marketing channel could be in serious danger—along with the revenue it generates. But an email standard called Brand Indicators for Message Identification (BIMI) offers a way to fight back. BIMI is an emerging standard that enables brands to display their logos in email...
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Evolving Tactics: London Blue Starts Spoofing Target Domains

In December, the Agari Cyber Intelligence Division (ACID) published a report on a business email compromise group of cybercriminals we call London Blue. In this report, we documented how this group, which has roots in the United Kingdom, evolved its tactics over time, from Craigslist scams to enterprise credential phishing to business email compromise as they matured into a criminal enterprise...