Cybercriminals may be using a generative AI tool called WormGPT to create convincing phishing emails to support business email compromise attacks. A new survey shows that 1 in 5 people fall for the fake, AI-generated emails, according to cybersecurity researchers.
Fraud leaders are under pressure to prevent fraud while also providing a frictionless customer experience. Email addresses are the logical front-end fraud prevention layer because they leave a trace of every online interaction. This trace can be used to assess the risk of every transaction, and it offers less friction...
Apart from some of the threats surrounding AI, this emerging technology can help defenders formulate effective policies and controls to prevent and mitigate BEC scams. With the evolving threat landscape, harnessing AI becomes crucial in defending, said Johan Dreyer, CTO at Mimecast.
Granting third parties access to sensitive data introduces inherent risks that organizations must address effectively. So how does an organization best manage that third-party risk while balancing an organization's inherent need for usability?.
Phishing attacks have come a long way from the spray-and-pray emails of just a few decades ago. Now they’re more targeted, more cunning and more dangerous. And this enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more.
Join Roger Grimes, KnowBe4’s...
This Expel Quarterly Threat Report (QTR) delivers intelligence you can put into play today on some of the most active attack vectors our SOC leadership team observed in the first quarter of this year. By sharing how attackers got in, and how we stopped them, we’ll translate the security events we detect into...
According to a recent report, 48% of IT professionals reported an increase in ransomware attacks with 22% of organisations experiencing a ransomware attack in past 12 months and 51% of enterprises not having a formal ransomware plan.
Ransomware-as-a-Service is quickly rising with more sophisticated methods of...
Understanding and Defending Against AI-Generated Email Attacks
ChatGPT. Google Bard. DeepFaceLab.
Generative AI is all the rage, and for good reason. What used to take hours can now be done in minutes, and what used to take minutes can be done in seconds. Which is great for productivity in the right hands.
But...
U.S. federal prosecutors unsealed indictments Wednesday against six Houston-area men for an alleged six-month spree of business email compromise thefts adding up to nearly $6 million. Business email compromise is a mainstay of social engineering fraud.
A large-scale phishing-as-a-service operation is shifting tactics to allow attackers to avoid anomaly detection by using localized IP addresses, warns Microsoft. The U.S. Secret Service has reported that BEC incidents cost global enterprises more than $43 billion in losses over a five-year span.
While security tools have become more adept at detecting payloads in emails, attacks that lack known indicators and rely instead on impersonation/social engineering tactics are successfully bypassing these traditional controls and reaching inboxes. If an organization’s email security controls are not effective...
While historically the origin of most business email compromise (BEC) attacks has been West Africa, residing in Nigeria certainly isn’t a requirement for BEC attackers. Indeed, the subject of this report is a sophisticated threat group based in Israel.
The group is unique in that they impersonate executives and...
Email is your most essential business tool—and today’s top malware delivery vector. This vital communications channel has become fertile ground for today's most damaging cyber threats and all kinds of fraud. Because email threats inherently target people, an effective cybersecurity program focuses on people first....
Every year, threat actors look for new tactics to outwit victims and bypass defenses. And 2022 was no different. As businesses rolled out new security controls, cyber criminals found new, sophisticated ways to attack people.
In our ninth annual State of the Phish report, we dive deep into complex new techniques...
Email platform attacks are a rising threat, accounting for more than $4 million in losses. There are three common types of attacks including, account takeover and MFA bypass, malicious app integration and over-permissioned apps, and privilege escalation and Insider threats.
Preventing these attacks requires a...
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