Why This New Cybergang is Heralding a New Age For BEC

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Manage episode 243618197 series 64813
By Mike Mimoso, Chris Brook, Mike Mimoso, and Chris Brook. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Researchers have uncovered a cybergang, using a new business email compromise (BEC) tactic, that has found success swindling funds from more than 500 organizations worldwide.

The cybergang, dubbed Silent Starling, hijacks email accounts belonging to employees within a targeted company’s finance department, such as accounts receivable or procurement - and then targets their customers.

316 episodes