Cybercriminals Runs off with 1.3 Million Dollars
Another news item caught my eyes today. The news reports that new and sophisticated Business Email Compromise (BEC) attack has compromised three (3) British Private Equity firms. The attack involved Phishing for ranking executives of the compromised companies and then actually tampering with the victims' email application. This enabled the group to intercept and redirect the emails of the executives. To make a long story short, the hacker group was able to run off with approximately 1.3 MILLION DOLLARS! This type of cyber attack is nothing new. Phishing attacks had been victimizing people for years now. I personally handled cases where an unsuspecting victims lost all their savings because they unwittingly opened Phishing emails that redirected them to fake banking websites. The victims, s thinking that they are on their bank's website, will then attempt to log in and that's it -- their user ID and password has been stolen by hackers....