The latest BEC incident involves an employee at an investment firm getting tricked into transferring nearly half a million dollars to a Hong Kong bank account.
Following a spate of attacks on the healthcare industry, the education sector, and other service providers, personalized attacks embraced by profit-driven scammers are now utilizing various malware.
Tax information of 21,000 employees of Sprouts Farmers Market are at risk after a phishing attack successfully lured a payroll employee to send 2015 W-2 forms to an unknown recipient.
Storage device manufacturing company Seagate, announced a successful phishing attack that placed a number of present and former employees at risk of potential tax fraud.
Popular photo- and video-sharing app Snapchat announced they've been hit by a phishing attack that stole payroll information of former and current employees, and the details of their quick response.
In a world where cybercriminals devise devious social engineering and computer intrusion schemes to fool employees into wiring money, enterprises run a very serious risk of getting scammed via email.
The Federal Bureau of Investigation (FBI) released a public service announcement earlier this year warning about Business Email Compromise (BEC) schemes. Here’s what you need to know, and what you can do to prevent attacks.