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Business email compromise attacks date back a decade, and they are certainly not going away. But the methods of attack are definitely evolving. Where once threat actors would impersonate an executive to run their scams, now, they’re turning to financial supply chain compromise tactics.

Open-Source Intelligence and Flattery at the Heart of a Clever Business Email Compromise Operation

The so-called Firebrick Ostrich threat group has become one of the leading perpetrators of business email compromise attacks, or BEC, where scammers try to trick employees into sending money or confidential information via email.

The Bill for Software Supply Chain Security Comes Due

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New research from NCC Group and Abnormal Security shows clouds and a bit of silver to line them: Ransomware attacks declined last year, but business email compromises increased — massively for smaller businesses — and a third of toxic emails got through their human gateways.

New cybersecurity data reveals persistent social engineering vulnerabilities

Abnormal Security describes a business email compromise (BEC) gang it calls “Firebrick Ostrich” that performs third-party reconnaissance attacks in the service of subsequent business email compromise (BEC) attacks. The

Threat actor movements observed and reported over the week.

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Seceon 2023 Cybersecurity Predictions by Seceon Thought Leadership

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2023 Seceon Prediction One: The emergence of cloud-native security solutions to protect cloud-based systems and applications.

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2023 Seceon Prediction One:  The emergence of cloud-native security solutions to protect cloud-based systems and applications.

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

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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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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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

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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

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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While attacking targets using multiple languages is not new, in the past, these attacks were perpetrated mainly by sophisticated organizations with big budgets and more advanced resources, however a lower barrier to entry now allows threat actors to use Google Translate to instantly translate their malicious emails.

VM Server problems, Google Translate BEC, DFIR burnout increases

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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

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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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