What was discovered?
As corporate phishing scams have become more lucrative, BEC attackers have significantly increased their footprint in the U.S., South Africa, the U.K, and other countries around the world.
According to the Agari report, BEC scammers have been seen actively targeting new regions, including Eastern Europe and Russia.
Nearly half the BEC scammers are based in the five U.S. states - California, Florida, Georgia, New York, and Texas. Additionally, BEC attacks have been detected in 45 states across the U.S. in total.
The lure of BEC attacks
Cybercriminals have been brazenly attempting to trick companies into sending over huge payments. The profit from BEC attacks has become more palpable and alluring for new gangs.
Another recent report indicates that the first documented Russian BEC group Cosmic Lynx has been aiming an astounding $1.27 million in its attacks, as first identified in July.
According to the report, the average wire transfer attempted in the second quarter of 2020 was $80,183, up notably from $54,000 in the first quarter.
Recent BEC incidents
Over the course of the past few months, multiple cybercriminals have engaged themselves in ..
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