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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

Many organizations around the globe have turned to cloud-based productivity and workforce collaboration tools to support remote working. Unfortunately, these platforms, for example, Office 365, have become an easy target for hacking and email phishing.

Office 365 users target for calendar invite attack

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Researchers at two security firms are tracking separate phishing campaigns that are targeting customers of Wells Fargo and Bank of America, according to a pair of reports.

Separate Phishing Attacks Target Wells Fargo, BofA Customers

Customers and employees of Wells Fargo are being warned of an email scam that pretends to come from the financial institution’s security team. According to security company Abnormal Security, the message says they are being sent a new digital security key to protect their account from identity theft and fraud.

Cyber Security Today – Google erases bad Chrome extensions, Wells Fargo customers get attacked and Netgear router owners warned

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Email security challenges and BEC trends during the pandemic

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There has also been a shift from individual to group BEC attacks, with campaigns with more than 10 recipients up 27% compared to Q4 2019. Attackers also adjusted their targets, with attacks on finance employees increasing more than 75% as attacks on C-Suite executives decreased by 37%.

There has also been a shift from individual to group BEC attacks, with campaigns with more than 10 recipients up 27% compared to Q4 2019. Attackers also…

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While the administration may look to strengthen security against cyberattackers for cloud providers, like Amazon, Microsoft and Google, experts say the onus is on the customer.

The Biden administration may eye CSPs to improve security, but the real caveat emptor? Secure thyself

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Despite sophisticating email threats, many organizations still rely on traditional methods of email security, primarily secure email gateway (SEG) solutions that have failed to keep up with cyber criminals as they have evolved their tactics. While traditional controls are still effective at blocking commodity types of attacks, they simply cannot detect and block the sophisticated and modern attacks that were seeing more of today.

Emerging attacks leaving SEGs in the dust

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It was shortly after the pandemic struck in March 2020 when Alamada-Contra Costa Transit District realized they had a problem. This is how it happened, said Tas Jalali, AC Transits head of cybersecurity, in an interview with Industry Insider  California. I was hired in late 2019, early 2020 to build the cybersecurity practice. At that point, AC Transit was running a traditional security email gateway. I do not want to mention the vendor, but it was not effective; there were a lot of challenges with it.

Transit Agency Faced Growing Problem, Chose Abnormal Solution

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Pig butchering is a repulsively named, rising investment scam that uses a potent mix of the promise of romance and the lure of making easy cryptocurrency millions against its unsuspecting targets.

Pig Butchering & Investment Scams: The $3B Cybercrime Threat Overtaking BEC

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More than half of the startups named on Forbes' newest 500-company list of the "Best Startup Employers" in America, including Abnormal Security, are based in the Bay Area.

Bay Area dominates Forbes 2023 'Best Startup Employers'

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Women make up about 24% of the cybersecurity workforce. While the disparity between the number men and women in our industry is shrinking in quantity, it is not in terms of equity. The theme of 2023's International Women's Day is #EmbraceEquity  "For International Women's Day and beyond, let's all fully #EmbraceEquity.

Thoughts on International Women's Day 2023.

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Americas Best Startup Employers 2023 was compiled by evaluating 2,600 U.S.-based businesses with at least 50 employees based on three criteria: employer reputation, employee satisfaction and growth. The final list ranks 500 employers.

America’s Best Startup Employers

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From high-profile leaders such as OpenAI, DeepMind, and Nvidia to specialists like Signifyd and Voxel, these companies are applying AIs transformative power to an array of tasks.

The 10 most innovative companies in artificial intelligence of 2023

In this Help Net Security video, Crane Hassold, Director of Threat Intelligence at Abnormal Security, provides insight into the impact of multilingual BEC attacks. They significantly impact global companies that operate in multiple regions and communicate with partners, suppliers, and customers in different languages.

Expert strategies for defending against multilingual email-based attacks

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Recommendations include using AI-based email security solutions that can detect communication patterns and conversational-style anomalies.

Abnormal Security Named as a Representative Vendor in 2023 Gartner® Market Guide for Email Security

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Email security is often overlooked on a macro level, even as business email compromise (BEC) attacks continue to pose a critical threat to business operations. Reports from Abnormal Security and At-Bay revealed the extent of the riskAbnormals report revealed the median open rate for text-based BEC attacks was nearly 28%.

Business Email Compromise (BEC) Attacks Persist

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Mike Britton, CISO for Abnormal Security, brings guest customer Joel Godbout, Cybersecurity Manager at PCL Construction, to discuss Securing Your Cloud Email Platform from Socially-Engineered Attacks.

Behind the Shield - Feb 2023

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

2023 Gartner® Market Guide for Email Security

Email Security

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Discover the ROI you can experience with Abnormal Security.

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Threat Reports

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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