CEO Fraud Wire Transfer Losses Soar 48% in Q2 2020

Business email compromise attacks—aka CEO Fraud— have taken shape this year, and according to Agari wire transfer losses have significantly increased by 48% in Q2 2020. The average losses of these attacks... Read more »

Financial Advisor Fined After Falling for BEC Scam

The Financial Industry Regulatory Authority (FINRA) fined and temporarily suspended a financial advisor working for UBS after he was tricked into transferring $511,870 from a client’s account in a CEO fraud scam,... Read more »

Business Email Compromise Topples Over $26 Billion in Losses

This lucrative business of tricking companies into fraudulently transferring funds into cybercriminal-owned bank accounts is showing signs of growing. Scammers use many forms of attack to attempt to separate your organization from... Read more »

Scam Of The Week: CEO Fraud bad guys are now bribing your users

Today saw the arrival of yet another interesting variant of the gift card phishing campaigns that have grown into a deluge over the past few months (see below). Today’s email demonstrates that... Read more »