Security Alerts & News
by Tymoteusz A. Góral

History
#1129 Billion-dollar scams: The numbers behind BEC fraud
Business email compromise (BEC), or CEO fraud, continues to be the bane of companies in 2016. BEC scams are low-tech financial fraud in which spoofed emails from CEOs are sent to financial staff to request large money transfers. While they require little expertise and skill, the financial rewards for the fraudsters can be high. An Austrian aerospace manufacturer recently fired its president and CFO after it lost almost US$50 million to BEC fraudsters.

In light of recent warnings from the FBI regarding BEC, we took an in-depth look at Symantec’s Email Security.cloud data to get a better understanding of the state of BEC fraud today.
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#1134 Little Snitch bug leaves some Mac systems open to attack
#1133 Ranscam ransomware deletes victims’ files outright
#1132 xDedic hacked server market resurfaces on Tor domain
#1131 Adobe patches 52 vulnerabilities in Flash Player
#1130 Ransomware 'stopped' by new software
#1129 Billion-dollar scams: The numbers behind BEC fraud
#1128 Now it’s easy to see if leaked passwords work on other sites
#1127 Serious flaw fixed in widely used WordPress plug-in
#1126 How to hack mobile devices using YouTube videos
#1125 BMW Core Web Portal & ConnectedDrive - exploitation of car configurations
#1124 MIT researchers devise new anonymity network following Tor bug
#1123 Google to train 2 million Indian Android developers
#1122 Jigsaw ransomware decrypted, again
#1121 Cisco unveils three DNA network security technologies
#1120 Cisco bolsters cloud security offering with new solutions
History
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2016: 01 02 03 04 05 06 07 08 09 10 11 12