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...

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...

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...

In the first reported case of its kind, a phishing ring in Eastern Europe is exploiting companies' own Domain-based Message Authentication, Reporting and Conformance ( DMARC ) controls to impersonate CEOs in business email compromise (BEC) scams worth millions. As detailed in our new threat actor dossier on a group we call Cosmic Lynx , the Agari Cyber Intelligence Division (ACID) has identified...

A seismic shift in the email threat landscape has CISOs bracing for sophisticated new forms of business email compromise (BEC) scams, as phishing's center of gravity begins to tilt from West African email scammers toward Russian and Eastern European cybercrime lords. As detailed in our new threat actor dossier on a threat group we call Cosmic Lynx , the Agari Cyber Intelligence Division (ACID) has...

Are you protecting your remote workers against an endless barrage of COVID-19 related phishing attacks by requiring 2-factor authentication (2FA) to log into employee email accounts? Smart move—just don't let it give you a false sense of security.

Since the beginning of February, we have seen more than a 3,000% increase in Coronavirus-themed phishing attacks targeting our customers. The spike in attacks is as logical as it is repugnant. With an estimated 75 million employees more reliant than ever on email during the largest "work-from-home experiment" in history, phishing scammers and other threat actors seem hellbent on exploiting...

Imagine going to the doctor and only being able to say “pain” or “sick”. You can’t say where you feel the pain, or what type of pain, or what is making you sick. Without this information, it is nearly impossible for the doctor to know how to treat you. From a cybersecurity perspective, this is very much like calling every email attack a “phishing attack" or even a “hack”. It limits the ability to...

At Agari we often talk about the evolving nature of advanced email attacks and the identity deception tactics that go with them. These attacks bypass legacy controls and like a magician delighting a curious audience, they trick the human psyche by targeting core human emotions such as fear, anxiety and curiosity. Of course, the magic in this case comes with ill intent. A good example of a...

Ask any security professional what the number one pain point is within their organization, and chances are they’ll say ‘user behavior’…with ‘malware’ coming in as a very close second. And while these issues are very different on the surface, they do have one thing in common: both are often the cause of high-profile data breaches, largely in part to the increased use of spear phishing email...