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Cyber crooks are trying to steal passwords for small-business Microsoft accounts in the U.K. by sending phony emails promising government relief funds for businesses shut down by the coronavirus. In a blog posting yesterday (June 10), researchers from Abnormal Security say the email phishing campaign is posing as correspondence from the UK Government’s Small Business Grants Fund (SGF).

UK coronavirus phishing scam uses phony emails: How to stay safe

The number of Business Email Compromise (BEC) attacks being leveled at C-Suite executives has declined as threat actors focus on a new target. According to new research published today by Abnormal Security, BEC attacks on C-Suite executives decreased by 37% in the first quarter of 2020 compared to the final quarter of 2019.

BEC Attackers Ditch C-Suite in Favor of Fresh Target

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Wells Fargo customers are being targeted by a phishing campaign impersonating the Wells Fargo Security Team and luring potential victims to phishing pages with the help of calendar invites.

Wells Fargo phishing baits customers with calendar invites

The first in a series of quarterly reports, the Q1 2020 report illustrates trends from actual BEC attacks discovered by Abnormal Security to help inform enterprise security strategy. The report also features a special section on email account compromise and security attack patterns during the COVID-19 pandemic.

Abnormal Security Issues Quarterly Business Email Compromise (BEC) Report for Q1 2020

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New research shows attackers are targeting and establishing relationships with accounts payable departments.

BEC Attacks on the C-Suite Dropped 37% in Q1

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The top artificial intelligence companies driving AI forward, from the giants to the visionaries.

100+ Top Artificial Intelligence Companies 2023

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Recent history shows holiday weekends and vacations provide an attack surface bonanza for threat actors.

Ahead of summer holiday weekends, IT security leaders brace for deliberate cyber mischief

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Even though nearly three-quarters of business email compromise attacks during the past year have emerged from Nigeria, Israel has been gaining traction as a base for sophisticated BEC campaigns.

Israel-based BEC attacks on the rise

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Abnormal Security is tracking cybercriminals from an unusual location for business email compromises who are using sophisticated spoofing to spur payments for fake acquisitions.

Israel-based threat actors show growing sophistication of email attacks

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A BEC group has been spotted in Israel. It’s crafting fake messages in multiple languages and impersonating real company bosses to hoodwink target companies out of more than ten times the average amount for payment fraud attacks.

Israel BEC group is so good at robbing big firms it only needs to work part time

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The cybercrime industry is evolving tremendously, and CISOs need to have stringent practices to keep their IT infrastructure secure against sophisticated cyber threats and risks. IT Security Wire interviewed Mike Britton, CISO, Abnormal Security, to understand today’s threats and the best ways to stay secure.

Modern Cyber Threat Landscape and Ways to Stay Secure

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The group, identified by Abnormal Security, targets multinational firms using email display name spoofing and multiple fake personas.

Israeli threat group uses fake company acquisitions in CEO fraud schemes

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A BEC campaign has been tracked to a threat group in Israel, an unlikely genesis for a cyberattack of any kind, Abnormal Security said in a new report.

Widespread Email Ruse Launched from Israel, an Unlikely Source in Moneygrab

Researchers at Abnormal Security discovered an Israel-based threat group carrying out a BEC campaign primarily targeting large and multinational enterprises with an average annual revenue of over $10 billion.

BEC Campaign via Israel Spotted Targeting Large Multinational Companies

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The report reveals how an emerging threat group employs a multi-phased BEC attack with an M&A theme to steal  from multinational enterprises

New Research from Abnormal Security Shows the Rise of Business Email Compromise Attacks Sent from Israel

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Abnormal Security has announced the results of a new ESG survey, revealing that more than two-thirds of IT and security leaders are concerned that attackers are leveraging communication and collaboration channels beyond email to evade security controls.

Email is Not the Only Channel Open to Attack

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Artificial intelligence presents a unique proposition to the cybersecurity industry given its ability to be used by cybercriminals, but also by enterprises to combat that very threat.

Cybersecurity and the duality of AI

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<p>Exploring the Rise of Israel-Based BEC Attacks </p>

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Abnormal’s fundamentally different approach to cloud email security provides the best protection against existing and emerging attack techniques.

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Abnormal’s latest report on business email compromise trends and statistics finds that employees open 28% of attacks and reply to 15% of them.

H1 2023: “Read” Alert: Data Shows 28% of BEC Attacks Opened by Employees

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Learn how investing in Abnormal Security can yield a 278% ROI within 3 years and help your organization avoid $4 million in losses from BEC.

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