#BusinessEmailCompromise

Carbon Black Giant Hit by BEC Scam

Orion, a leading supplier of carbon black, recently lost $60 million in a business email compromise (BEC) scam. Cybercriminals tricked a non-executive employee into making multiple wire transfers to their accounts. This incident highlights the growing threat of BEC attacks, where scammers often impersonate executives or manipulate employees to authorize …

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Ransomware and BEC Attacks Surge in 2024 Cyber Incidents

In the second quarter of 2024, ransomware and business email compromise (BEC) attacks constituted 60% of all cyber incidents, as reported by Cisco Talos. Technology was the most targeted sector, accounting for 24% of incidents, reflecting a 30% increase from the previous quarter. Attackers are focusing on tech firms as …

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