Financially driven cybercriminals exploit the human factor to commit online scams. Pooja Shimpi, CEO and co-founder of SyberNow, explained why it is necessary for netizens to practice online mindfulness and enhance cyber awareness to avoid becoming victims of innovative scams.
The advent of generative AI has transformed the way modern organizations operate. While many business users are adopting tools like ChatGPT and Google Bard to enhance productivity, cybercriminals are also capitalizing on this technology—resulting in more attacks with increased sophistication.
To understand how...
Email is a major entry point for threat actors, who have evolved their tactics to bypass traditional security solutions and now leverage AI to make attacks more scalable and harder to detect. In response, organizations are buying AI-enabled solutions to bolster their security posture. This survey shows...
Discover how cybercriminals use generative AI tools like ChatGPT to create more effective email attacks and how to protect your organization from them.
ChatGPT. Google Bard. Midjourney. DeepFaceLab.
Generative AI is all the rage, and for good reason. What used to take hours can now be done in minutes, and what...
Established provider LexisNexis Risk Solutions remains atop Forrester's digital fraud management rankings, while upstart Sift broke into the leaders category for the first time. Many providers in the space have expanded from payment transactions to account takeover fraud as well as handling scams.
Inadequate authentication measures leave your digital identity vulnerable to cybercriminals. Tools like multi-factor authentication, biometrics, passwords, PINs, and tokens are all more vulnerable to attacks and social engineering than you realize. And one wrong move leaves you and your organization powerless in the...
While a significant number of attacks are not yet AI-driven, there's a noticeable shift in the creation of generative malware and lures for business email compromise, warned Ashan Willy, CEO at Proofpoint. LLMs are being used to create enticing lures in foreign languages to target broader audiences.
Business email compromise continues to be a significant threat and is one of the most financially damaging online crimes. Attackers continue to innovate and grow in sophistication, which means defenders need to leverage new technology, warned Mike Britton, CISO of Abnormal Security.
Business email compromise (BEC) attacks are one of the most costly and difficult cyber threats to prevent. Traditional email security solutions may not be enough to stop the latest BEC attacks that are getting through your current defenses.
In this eBook, you'll learn how to:
Identify the key differences between...
Email is the most common attack vector for cybercriminals. In fact, 94% of all malware is delivered via email. Traditional email security solutions are not enough to protect against advance threats. These solutions often rely on signature-based detection, which can be easily bypassed by attackers.
In order to protect...
In the first quarter of 2023, there were over 220,000 BEC attacks reported. In 2020, BEC attacks cost organizations an estimated $1.8 billion. And the number of BEC attacks is only increasing.
Traditional security tools are not enough to protect against BEC attacks. These attacks often rely on social engineering...
A Nigerian national has pleaded guilty to participating in a business email compromise scheme that stole $1.25 million from a Boston investment firm. Perpetrators used malware to intercept an employee's emails as well as spoofed email accounts to trick the employee's London financial services firm.
Cybercriminals may be using a generative AI tool called WormGPT to create convincing phishing emails to support business email compromise attacks. A new survey shows that 1 in 5 people fall for the fake, AI-generated emails, according to cybersecurity researchers.
Apart from some of the threats surrounding AI, this emerging technology can help defenders formulate effective policies and controls to prevent and mitigate BEC scams. With the evolving threat landscape, harnessing AI becomes crucial in defending, said Johan Dreyer, CTO at Mimecast.
Granting third parties access to sensitive data introduces inherent risks that organizations must address effectively. So how does an organization best manage that third-party risk while balancing an organization's inherent need for usability?.
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