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Global Criminal Email Rings Threaten Businesses, Bank Accounts: Agari

BEC leverages deception techniques, such as display name deception, to trick organizations into making payments.

Business email compromise has become a pervasive threat.

Business email compromise emerged as the most prevalent and effective attack vector revealed San Mateo, Calif.-based cybersecurity company Agari, in a research report at the FS-ISAC 2018 Annual Summit.

“Behind the ‘From’ Lines: Email Fraud on a Global Scale,” which provides insight into the operations and economics of organized criminal email groups, also exposed that nine of the 10 captured organized crime groups operate out of Nigeria. Though they all leverage a multitude of attack methods, BEC is far more lucrative than any other attack.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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