Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Threat Intelligence

7/13/2018
11:10 AM
50%
50%

FBI: Email Account Compromise Losses Reach $12B

There were more than 78K business email account (BEC) and email account compromise (EAC) scam incidents worldwide between October 2013 and May 2018.

New FBI data shows that business email compromise (BEC) and email account compromise (EAC) scam losses worldwide spiked 136% from December 2016 to May 2018.

There were 78,617 BEC/EAC incidents reported between October 2013 and May 2018, resulting in $12 billion in losses. Of those incidents, 41,058 were in the US, resulting in $2.9 billion in losses. China and Hong Kong banks led the locations for receipt of fraudulent funds, while the UK, Mexico, and Turkey are emerging regions, the FBI report shows.

"The scam may not always be associated with a request for transfer of funds. A variation of the scam involves compromising legitimate business e-mail accounts and requesting Personally Identifiable Information (PII) or Wage and Tax Statement (W-2) forms for employees," the FBI said in its public service announcement reporting the latest statistics.

The real estate industry is the new hot target: from 2015 to 2017, there was an increase of 1,100% of BEC/EAC victims in that sector.

Read more here

 

 

 

Black Hat USA returns to Las Vegas with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

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
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: He still insists that security by obscurity is the way to go.
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-9681
PUBLISHED: 2019-09-17
Online upgrade information in some firmware packages of Dahua products is not encrypted. Attackers can obtain this information by analyzing firmware packages by specific means. Affected products include: IPC-HDW1X2X,IPC-HFW1X2X,IPC-HDW2X2X,IPC-HFW2X2X,IPC-HDW4X2X,IPC-HFW4X2X,IPC-HDBW4X2X,IPC-HDW5X2X...
CVE-2019-9009
PUBLISHED: 2019-09-17
An issue was discovered in 3S-Smart CODESYS before 3.5.15.0 . Crafted network packets cause the Control Runtime to crash.
CVE-2018-20336
PUBLISHED: 2019-09-17
An issue was discovered in Asuswrt-Merlin 384.6. There is a stack-based buffer overflow issue in parse_req_queries function in wanduck.c via a long string over UDP, which may lead to an information leak.
CVE-2019-12755
PUBLISHED: 2019-09-17
Norton Password Manager, prior to 6.5.0.2104, may be susceptible to an information disclosure issue, which is a type of vulnerability whereby there is an unintentional disclosure of information to an actor that is not explicitly authorized to have access to that information.
CVE-2019-14826
PUBLISHED: 2019-09-17
A flaw was found in FreeIPA versions 4.5.0 and later. Session cookies were retained in the cache after logout. An attacker could abuse this flaw if they obtain previously valid session cookies and can use this to gain access to the session.