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The Science Behind the Scenes: How Machine Learning Combats Phishing Attacks and BEC

Because email remains the most ubiquitous form of business communication, it continues to be a favorite attack vector for cybercriminals. Email has always been vulnerable because it was not originally designed with security or privacy in mind. As a result, email security vendors emerged to protect this critical communication channel. In the early days, many vendors used signature or reputation...
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Financials & Card Data Top Q3 Targets on the Dark Web

In Q3, credit unions nearly overtook national banks as the top targeted industry on the Dark Web, according to recent data from Fortra’s PhishLabs.
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Emails Reported as Malicious Reach Four-Quarter High in Q3

The volume of malicious emails reported in corporate inboxes has reached a four-quarter high, according to the latest data from Fortra's PhishLabs.
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What Is Whaling Phishing & How Does It Work?

“Whaling” phishing fraud attacks target the C-suite of a company which creates high risk of extremely sensitive, mission-critical data being stolen and exposed. Fortunately, protecting the organization from these attacks is possible. Whaling phishing is a type of phishing attack targeting larger, high-value targets, which is why it's called "Whaling." Attackers themselves often pretend to be C...
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What Is Email Spoofing & How You Protect Against It

What is Email Spoofing? Email spoofing is one of the most common forms of cybercriminal activity, specifically a form of identity deception that's widely used in phishing and spam attacks. It underpins the mechanism required to conduct hacking activities, and it can take many forms. Unfortunately, most email users will eventually receive an email that has been spoofed—whether they know it or not...
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Customer Phishing Protection Couldn’t Be Easier with PhishLabs' Digital Risk Protection

It’s not news that cybercrime is a constant battle—large enterprises and small businesses everywhere are susceptible to a myriad of advanced email threats and socially engineered attacks , such as executive or brand impersonation. According to IC3’s Internet Crime Report, over $44 million in losses in 2021 were a direct result of malicious phishing and advanced email scams. Despite billions having...
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Common Phishing Email Attacks | Examples & Descriptions

What does a phishing email look like? We've compiled phishing email examples to help show what a spoofed email looks like to prevent against phishing attacks. Brand deception phishing is the most common example of phishing people will come across. Brand deception phishing occurs when an attacker mimics a trusted company in an email and asks someone for their personal information like credit card...
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What Is Email Phishing? Protect Your Enterprise

Phishing emails can steal sensitive data and cost companies' their reputation. However, protecting a company from these scammers doesn't need to be difficult. What Is Email Phishing? Phishing is when an attacker mimics a trusted person or brand in an attempt to steal sensitive information, or gain a foothold inside a company network. While phishing emails are by far the most popular, these attacks...
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TLS Email Encryption: What It Is & How to Check if Your Email Is Using It

What exactly is TLS when it comes to email encryption? TLS, or cybersecurity protocol Transport Layer Security first developed by the Internet Engineering Task Force (IETF), was designed to establish secure communications that provide both privacy and data security. Originally created from another encryption protocol called Secure Sockets Layer, or SSL, you may hear others use SSL and TLS...
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Inside a Compromised Account: How Cybercriminals Use Credential Phishing to Further BEC Scams

Why would a cybercriminal spend time developing malware when he can simply trick unsuspecting users into handing over their passwords? Why would a threat actor spend her money and resources on ransomware, when she can get that same information through a compromised account? It’s a good question, and exactly what the Agari Cyber Intelligence Division wanted to discover. In a growing trend known as...
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Protecting Digital Communications During the Digital Transformation: A Look Back at Trust 2021

While we’re all Zoomed, Webexed and Teamed out after thirteen months of the pandemic, cybercriminals are taking advantage of the situation. They know we’re heavily relying on digital communications and they’re sending fake emails, pretending to be your boss. They’re sending fake invoices, pretending to be your vendor. They’re even sending fake requests for gift cards, on the off-chance that...
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Agari Report: New BEC Scam 7X More Costly Than Average, Bigger Phish Start Angling In

Sophisticated new threat actors, evolving phishing tactics, and a $800,000 business email compromise (BEC) scam in the second half of 2020 all signal big trouble ahead, according to new analysis from the Agari Cyber Intelligence Division (ACID). As captured in our H1 2021 Email Fraud & Identity Deception Trends Report , successful attacks on Magellan Health, GoDaddy, and the SolarWinds "hack of...
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Cosmic Lynx Returns in 2021 with Updated Tricks

In July 2020, we published a report on a Russian-based BEC group we called Cosmic Lynx . In that report , we described the tactics used by the group, which included its targeting of senior executives at large companies with a global footprint and how it uses mergers and acquisitions (M&A) themes in its BEC email lures. Shortly after we published the report, we saw a significant decrease in Cosmic...
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Email Security: Agari Delivers a Whole New Level of Actionable Insight to Outpace Threat Actors

CISOs and their teams are about to get some serious performance enhancers in their high-stakes race against email security threats. According to the FBI, phishing campaigns, business email compromise (BEC) scams, and other advanced email attacks have resulted in $26 billion in business losses over the course of three years. Then 2020 happened. With 75 million corporate employees even now still...
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BEC Response Guide— Tips for Responding to Business Email Compromise Incidents

This post originally appeared on Medium and is published here courtesy of Ronnie Tokazowski. For more by Ronnie, follow him on Twitter @iHeartMalware . If you’re reading this and are in the middle of an incident, go to the first bullet now . The rest can wait. Malware incidents suck, but if you want to know what it’s like responding to a BEC incident, triple the carnage, shake the snow globe, set...
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BEC Cash-out Methods: Email Fraudsters Experimenting With Alternative Approaches

Business email compromise ( BEC ) actors are exploring alternative cash-out methods for spiriting away the profits from their crimes. Traditional bank accounts have long been the go-to choice for email scammers seeking to cash out the funds they've pilfered from organizations they victimize. Just since 2016, BEC groups have defrauded businesses out of more than $26 billion worldwide. But over the...
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BEC Attacks: What They Are, How to Spot Them, and What to Do

Here we’ll cover what BEC attacks are, how they work, what they usually look like, and how to handle them. What is a BEC Attack? 7 Common BEC Attack Patterns Top Identity Deception Techniques How Can BEC Attacks be Stopped? What's the Best Way to Recover From a BEC Attack? What is a BEC Attack? First, let me explain what a BEC attack is. In short, Business Email Compromise phishing occurs when...
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The Global Reach of Business Email Compromise (BEC)

Over the last five years, Business Email Compromise (BEC) has evolved into the predominant cyber threat businesses face today. Since 2016, businesses have lost at least $26 billion as a result of BEC scams and, based on the most recent FBI IC3 report , losses from BEC attacks grew another 37 percent in 2019—accounting for 40 percent of all cybercrime losses over the course of the year. The...
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Agari Fall ' 20 Release Boosts CISO Confidence in Enterprise DMARC Deployment

With cyber gangs leveraging business email compromise (BEC) attacks that actively exploit their targets' level of DMARC adoption, CISOs have been ratcheting up email security. Until now, the need to dial up defenses against imposters posing as senior executives in email attacks has been increasingly forcing legitimate business correspondence into quarantine. The chain reaction kneecaps commerce...