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In the latest sorry COVID-19 scam, fraudsters are impersonating financial institutions to steal from Americans expecting stimulus checks from the US federal government. Following the outbreak of the novel coronavirus, many Americans have been furloughed, fired, or had their hours or workload reduced as businesses across the country closed and lockdown measures were implemented.

Scammers Target US Stimulus Checks

Email-based phishing schemes continue to trick victims with promises of coronavirus information, cures and vaccines, but now some fraudsters are also sending their targets lures related to the U.S. government-approved stimulus checks promised to most Americans.

COVID-19 phishing campaigns reel in victims with stimulus fund lures

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The pandemic has driven more of our personal and work lives online - and for the bad guys, business is booming. Here's how you can protect yourself.

7 Ways COVID-19 Has Changed Our Online Lives

The stimulus checks will go out any day now, and what you need to watch out for are scammers who are ready to take your money. Scammers are hoping to capitalize if you let your guard down regarding your stimulus check.

Where is your stimulus check? Don't let scammers steal it

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Millions of Americans and businesses rejoiced when the $2 trillion Coronavirus Aid, Relief, and Economic Security Act was signed into law March 18. The law is part of a larger effort by the US government to help people and businesses that have been harmed by efforts to stop the spread of the coronavirus pandemic.

Cybersecurity experts warn of scams targeting coronavirus stimulus checks

Millions of Americans and businesses rejoiced when the $2 trillion Coronavirus Aid, Relief, and Economic Security Act was signed into law March 18. The…

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Millions of Americans and businesses rejoiced when the $2 trillion Coronavirus Aid, Relief, and Economic Security Act was signed into law March 18. The law is part of a larger effort by the US government to help people and businesses that have been harmed by efforts to stop the spread of the…

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Cybersecurity experts warn of scams targeting coronavirus stimulus…

https://abnormalsecurity.com/about/news/cybersecurity-experts-warn-of-scams-targeting-coronavirus-stimulus-checks

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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

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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