KnowBe4 - Here Is A New Term For Your Cybercrime Glossary: Vendor Email Compromise (VEC)

iStock-687977248

Agari’s latest Email Fraud & Identity Deception Trends report highlights the growing threat of vendor email compromise (VEC), according to SecurityWeek. This is a variety of business email compromise (BEC) attack—also known as CEO Fraud— in which attackers gain access to email accounts at a company in the supply chain, and then use the accounts to target that company’s customers. PS, did you know that KnowBe4 has an extensive glossary with hundreds of these terms?



from KnowBe4 Security Awareness Training Blog https://blog.knowbe4.com/vendor-email-compromise

Comments

Post a Comment

Popular posts from this blog

KnowBe4 - Scam Of The Week: "When Users Add Their Names to a Wall of Shame"

Image
Eric Howes , KnowBe4 Principal Lab Researcher, found out about another insidious bad guy trick: " If you work in IT there has undoubtedly come a dark moment when you wondered to yourself just who among your employee users would be gullible enough to click through a phishing email and potentially bring down your organization. from KnowBe4 Security Awareness Training Blog https://blog.knowbe4.com/when-users-add-their-names-to-a-wall-of-shame
Read more

Krebs - NY Charges First American Financial for Massive Data Leak

Image
In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. had exposed approximately 885 million records related to mortgage deals going back to 2003. On Wednesday, regulators in New York announced that First American was the target of their first ever cybersecurity enforcement action in connection with the incident, charges that could bring steep financial penalties. First American Financial Corp. Santa Ana, Calif.-based  First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019 . As first reported here last year , First American’s website exposed 16 years worth of digitized mortgage title insurance records — including bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images. The d...
Read more

Krebs - U.S. Army Soldier Arrested in AT&T, Verizon Extortions

Image
Federal authorities have arrested and indicted a 20-year-old U.S. Army soldier on suspicion of being Kiberphant0m , a cybercriminal who has been selling and leaking sensitive customer call records stolen earlier this year from AT&T and Verizon . As first reported by KrebsOnSecurity last month, the accused is a communications specialist who was recently stationed in South Korea. One of several selfies on the Facebook page of Cameron Wagenius. Cameron John Wagenius , 20, was arrested near the Army base in Fort Hood, Texas on Dec. 20, after being indicted on two criminal counts of unlawful transfer of confidential phone records. The sparse, two-page indictment (PDF) doesn’t reference specific victims or hacking activity, nor does it include any personal details about the accused. But a conversation with Wagenius’ mother — Minnesota native Alicia Roen — filled in the gaps. Roen said that prior to her son’s arrest he’d acknowledged being associated with Connor Riley Moucka ...
Read more