Employees are simultaneously a company’s first line of defense and their weakest link. That is because as today’s quick-moving, instant-everything modern world offers more hyperconnected vulnerabilities for bad actors to exploit, behavioral-driven fraud tactics are becoming an increasingly popular approach for breaching a firm’s defenses....
The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Rubén Rivera, finance director for the government’s Industrial Development Company, said a complaint was filed with authorities on Wednesday (Feb. 12). The department got...
The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. The BEC scam can manifest in many forms. For instance, fraudsters can infiltrate the email...
Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants: The company was the victim of financial fraud to the tune of $29 million via a wire transfer gone bad. Details are still...
November 04, 2019
Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants: The company was the victim of financial fraud to the tune of $29 million via a wire transfer gone bad. Details are still emerging, but what is known thus far is that the […]
October 09, 2024
OpenAI says hackers connected to the Chinese government attempted a phishing attack on its employees. The artificial intelligence (AI) company revealed the attempt Wednesday (Oct. 9) in a report on its attempts to prevent “the disruptive uses” of its technology. Earlier this year, the report said, OpenAI disrupted a “suspected China-based threat actor” known as “SweetSpecter” as it […]
February 13, 2020
The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Rubén Rivera, finance director for the government’s Industrial Development...
July 11, 2017
If you live Down Under, you might want to stick to the old-fashioned kind of surfing and avoid the web today. Not for the first time — not even for the...
