BEC scams jumped a whopping 65% to a total of $43 billion in losses worldwide in just five years, from 2016 to 2021, according to an FBI public service announcement.
Chinese state-sponsored hacking group Mustang Panda, also known as RedDelta, HoneyMyte, or Bronze President, has been leveraging phishing lures related to the ongoing Russian invasion of Ukraine in malware attacks against Russian and European entities.
The FBI has disclosed that more than $43 billion has been lost from business email compromise attacks between June 2016 and December 2021, with BEC attack-related losses spiking by 65% from July 2019 to December 2021.
Russian state-sponsored threat group Nobelium, which was behind the widespread SolarWinds hack, has been leveraging over four dozen domains impersonating real brands in new phishing attacks.
The California resident Sercan Oyuntur has been convicted for his involvement in a phishing scam targeted at the U.S. Department of Defense that resulted in nearly $23.5 million in damages.
The Hacker News reports the reemergence of the Chinese state-backed threat group Override Panda, also known as Hellsing, Bronze Geneva, and Naikon, in a new phishing attack aimed at data exfiltration.
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