Attacks/Breaches

5/5/2017
10:20 AM
50%
50%

FBI: Business- and Email Account Compromise Attack Losses Hit $5 Billion

The FBI's IC3 division reports a 2,370% spike in exposed losses resulting from BEC and EAC between January 2015 and December 2016.

The FBI's Internet Crime Complaint Center (IC3) reports business email compromise (BEC) and email account compromise (EAC) attacks caused $5.3 billion in exposed loss for global and domestic companies between October 2013 and December 2016. Victims, which come from 50 states and 131 countries, reported a total of 40,203 incidents in the same time period.

This report marks a significant uptick from the FBI's last report in June 2016, when it said threat actors had tried to steal $3.1 billion since October 2013. The IC3 reports a 2,370% increase in exposed losses related to BEC/EAC scams between January 2015 and December 2016.

The FBI began tracking BEC and EAC as a single crime type in 2017 as the techniques for each become increasingly similar. Not much is known about how victims are selected but most are studied with social engineering prior to attacks. Asian banks in China and Hong Kong are the primary recipients of fraudulent funds, though the UK is also a popular destination.

Read more details here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
JulietteRizkallah
50%
50%
JulietteRizkallah,
User Rank: Ninja
5/8/2017 | 3:48:48 PM
Real Spike or better visibility in breaches
Such an increase may indicates either a tremendous spike in attacks, a better visibility and therefore detection of data breaches, or both. Hard to say one or the other, but it has become critical for enterprises to gain visibility on who has access to what data.
'PowerSnitch' Hacks Androids via Power Banks
Kelly Jackson Higgins, Executive Editor at Dark Reading,  12/8/2018
Windows 10 Security Questions Prove Easy for Attackers to Exploit
Kelly Sheridan, Staff Editor, Dark Reading,  12/5/2018
Starwood Breach Reaction Focuses on 4-Year Dwell
Curtis Franklin Jr., Senior Editor at Dark Reading,  12/5/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: New camera 2FA closed loop!
Current Issue
10 Best Practices That Could Reshape Your IT Security Department
This Dark Reading Tech Digest, explores ten best practices that could reshape IT security departments.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-20050
PUBLISHED: 2018-12-10
Mishandling of an empty string on the Jooan JA-Q1H Wi-Fi camera with firmware 21.0.0.91 allows remote attackers to cause a denial of service (crash and reboot) via the ONVIF GetStreamUri method and GetVideoEncoderConfigurationOptions method.
CVE-2018-20051
PUBLISHED: 2018-12-10
Mishandling of '>' on the Jooan JA-Q1H Wi-Fi camera with firmware 21.0.0.91 allows remote attackers to cause a denial of service (crash and reboot) via certain ONVIF methods such as CreateUsers, SetImagingSettings, GetStreamUri, and so on.
CVE-2018-20029
PUBLISHED: 2018-12-10
The nxfs.sys driver in the DokanFS library 0.6.0 in NoMachine before 6.4.6 on Windows 10 allows local users to cause a denial of service (BSOD) because uninitialized memory can be read.
CVE-2018-1279
PUBLISHED: 2018-12-10
Pivotal RabbitMQ for PCF, all versions, uses a deterministically generated cookie that is shared between all machines when configured in a multi-tenant cluster. A remote attacker who can gain information about the network topology can guess this cookie and, if they have access to the right ports on ...
CVE-2018-15800
PUBLISHED: 2018-12-10
Cloud Foundry Bits Service, versions prior to 2.18.0, includes an information disclosure vulnerability. A remote malicious user may execute a timing attack to brute-force the signing key, allowing them complete read and write access to the the Bits Service storage.