Silver Terrier: 2019 Nigerian Business Email Compromise Update
Summary: Unit 42 reports that BEC attacks attributed to the Nigerian actor set it calls SilverTerrier averaged 92,739 per month in 2019, peaking at 245,637 in June, a 172% increase over 2018. The group has grown to more than 480 tracked actors who have collectively produced over 81,300 malware samples linked to 2.1 million attacks, with 97.8% of attacks delivered over email protocols.
What you should know: The FBI's IC3 attributed US$1.77 billion in 2019 losses to BEC, more than romance scams, identity theft, credit card fraud, phishing, and ransomware combined, and reported over US$26 billion in global BEC losses across the preceding three years. Unit 42 also found SilverTerrier malware samples went undetected by more than 40% of antivirus solutions even after prolonged exposure.
Read the original at Unit 42 Palo Alto Networks ↗
- Topics
- Phishing & Social Engineering
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