Attackers in Executive Clothing - BEC continues to separate orgs from their money
Summary: Cisco Talos reports a rise in business email compromise attacks, with the FBI stating losses approached $1.8 billion in 2020 alone. Most of the BEC emails Talos encountered over the past year involved gift card purchase requests, typically in the $300-$500 range, sent from free email services spoofed to appear as executives or owners.
What you should know: Talos notes BEC has a low barrier to entry compared with malware campaigns, and its actors persist against a responsive victim, going back again and again until the target realizes the scam - by which point the gift cards are already sold and used.
Read the original at Cisco Talos ↗
- Topics
- Phishing & Social Engineering
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