BEC Campaigns Target Organizations Across Sectors Using Credential Phishing

In general, business email compromise (BEC) scams are widely viewed as a type of cybercrime that necessitates relatively minimal technical ability. Despite this, analysts industry-wide have observed BEC operators progressing from simple schemes such as 419 and fake lottery scams – in which unwitting victims are duped into sending payments to fraudsters after being promised large sums – towards experimenting with malware and creating sophisticated networks in order to quickly and reliably move money from one account to another

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August 23, 2017