The FBI dubbed the category of attacks “business email compromise” in an August advisory. At that time, the Bureau estimated that, since 2013, the total dollar losses to American companies exceeded $740 million, while only hitting around 7,000 targets. When international victims are added in, the losses total $1.2 billion. Don Jackson, threat researcher and malware analyst for PhishLabs explains,...

It’s happened again. Scammers have leveraged Phishing to gain access to W2 information at several firms, including technology powerhouse Seagate. No company is immune to these types of social attacks, and organizations both large and small have become victims to a finance-based scheme that has a long reach. Last week, Sunday in fact, Snapchat disclosed that someone had posed as the company’s CEO...

From Bloomberg The malware known as ZeuS and its rogue creator have been at the cutting edge of cyber-crime for nearly a decade. With repeated enhancements, ZeuS and its offspring became juggernauts of cyber bank robbery—turning millions of computers into global networks of zombie machines enslaved by criminals. Conservative estimates of their haul reach well into hundreds of millions of dollars...