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Scammer stole $1.5M from Baltimore by posing as a vendor and tricking staff into changing bank account details. A scammer stole over $1.5M from Baltimore city by spoofing a vendor and convincing staff to alter bank details, which appears to be a classic Business Email Compromise (BEC) attack. Between February and March 2025, the city’s […]
Darktrace researchers have discovered a new wave of attacks where cybercriminals use cheap Virtual Private Servers (VPS) to…
Three Ghanaian men have been extradited to the US over $100 million fraud involving romance scams and business…
KrebsOnSecurity recently heard from a reader whose boss’s email account got phished and was used to trick one of the company’s customers into sending a large payment to scammers. An investigation into the attacker’s infrastructure points to a long-running Nigerian cybercrime group that is actively targeting established companies in the transportation and aviation industries.
NioCorp Developments has informed the SEC that it lost $0.5 million after its systems were compromised.
The post Mining Company NioCorp Loses $500,000 in BEC Hack appeared first on SecurityWeek.
Kosi Goodness Simon-Ebo, a Nigerian national, pleaded guilty in a US court to his involvement in a million-dollar BEC fraud scheme.
The post Nigerian Pleads Guilty in US to Million-Dollar BEC Scheme Role appeared first on SecurityWeek.
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 post Nigerian National pleads guilty to participating in a millionaire BEC scheme appeared first on Security Affairs.
A new study found that 4.31% of phishing attacks mimicked Microsoft, far ahead of the second most-spoofed brand PayPal.
By Habiba Rashid
The new attack has been dubbed Phishing 3.0.
This is a post from HackRead.com Read the original post: Phishing 3.0: Crooks Leverage AWS in Deceptive Email Campaigns
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) […]
The post WormGPT, the generative AI tool to launch sophisticated BEC attacks appeared first on Security Affairs.