Agari: Business Email Compromise the Most Lucrative Form of Email Attack
May23

Agari: Business Email Compromise the Most Lucrative Form of Email Attack

A report from the email security vendor Agari provides new insights into the tactics used by cybercriminal groups to conduct email attacks and the extent of global email fraud. While many email-based attack methods are used, business email compromise (BEC) is the most lucrative for criminals and BEC attacks are the costliest for companies. The Agari report was released days after the FBI published figures on the cost of Internet crime...

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KnowBe4 Secures Second Spot in Cybersecurity Ventures’ Cybersecurity 500 List
May21

KnowBe4 Secures Second Spot in Cybersecurity Ventures’ Cybersecurity 500 List

The Clearwater, FL-based security awareness training firm KnowBe4 has achieved second place in the Cybersecurity Ventures’ 2018 Cybersecurity 500 list Each year, Cybersecurity Ventures compiles a list of the hottest startups in the field of cybersecurity. The list contains some of the most innovative companies that have developed cybersecurity solutions for businesses to secure networks and prevent unauthorized individuals from...

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New Variant of Dharma Ransomware Identified
May21

New Variant of Dharma Ransomware Identified

A new variant of Dharma ransomware has been detected. The ransomware is capable of encrypting files on a local device as well files on mapped network drives, unmapped network shares, and shared virtual machine hosts. Dharma was first seen in November 2016 and shares several traits with CrySiS ransomware. While a decryptor was released in 2017 that allowed businesses to recover files without paying the ransom, new Dharma ransomware...

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New Mirai IoT Botnet Detected
May18

New Mirai IoT Botnet Detected

The Mirai IoT botnet has been used to conduct some of the largest distributed denial of service (DDoS) attacks ever seen. Since the release of the source code in October 2016, there have been several variants of the botnet developed. Now a new variant has been detected, which has been named Wicked, due to some of the strings in the source code. The new variant was identified by security researchers at Fortinet, who report that the new...

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$875,000 Settlement Agreed in W-2 Phishing Scam Lawsuit
May18

$875,000 Settlement Agreed in W-2 Phishing Scam Lawsuit

A class-action lawsuit stemming from a W-2 phishing scam that saw an employee of the respiratory therapy supplier Lincare Inc., send the W-2 Forms of employees to a scammer has been settled for $875,000. As is typical with these types of Business Email Compromise (BEC) attacks, the scammer pretended to be a senior executive and sent an email to an employee of the HR department requesting W-2 information for the company’s employees....

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