Gardaí have reported a sharp increase in the number of invoice redirect and CEO fraud-style attacks on Irish businesses in the last few months. “We are getting a couple of cases every week now”, according to Detective Superintendent Pat Lordan, who said that both small and large companies are being hit for amounts ranging from €10,000 into the millions.Read more
In a global sting, named Operation reWired, authorities in the US and around the world have arrested 281 individuals that were involved in a global Business Email Compromise (BEC) scam. The ring had been under investigation for months, during which they were found to have hijacked email accounts belonging to company executives, impersonated staff and ultimately tricked unsuspecting employees into wiring millions in funds into the group’s accounts.Read more
Every year, the number of phishing scams seems to be increasing, with the malware-ridden emails getting continually more sophisticated and convincing. The latest global phishing campaign purporting to be from international courier giants DHL has been tricking users into opening a fake PDF attachment – and subsequently unleashed a previously unseen piece of malware to wreak havoc on their PCs.Read more
It’s 2018, and phishing emails are just an expected part of life for email users around the world, containing all manner of malware within concealed links and dodgy attachments. Most of us can recognise poorly spelled phishing emails that lack any real context, but what happens when something more complex hits your inbox? What if a cyber criminal emailed you your password – a real password you’ve used – and told you that they had compromising videos of you and more? What if they said that unless you pay a Bitcoin ransom, they would share this incriminating footage with everyone on your contacts list? That’s exactly what has been happening to thousands of Irish users, to both personal and corporate email addresses.
Cyber criminals are ever trying to find newer, more sophisticated means to scam the general public and businesses through phishing
Cyber criminals have always targeted users, finding it easier to trick unsuspecting employees than to bypass complex technical security measures – and this trend has been growing steadily the last few years. Identify fraud, where criminals impersonate someone else in order to steal their money or use their account to manipulate others, is now one of the most common types of cyber crime there is. Account takeover attacks, where criminals gain access to a user’s account and use it to send spam or phishing emails, is also on the rise, often allowing malicious emails to bypass email security filters.