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Join the Cybersecurity and Incident Response Group on LinkedInFinancial institutions a top target for COVID-era cyberattacks | PropertyCasualty360
In July 2020, Kroll observed a 22% increase in attacks targeting the financial services sector based on its incident response case intakes. Business email compromise (BEC), fraud and ransomware were the top three threats impacting the industry, and Kroll has seen the number of incidents steadily rise amidst the COVID-19 crisis. From a network topography […]
Colorado Town Loses More Than $1 Million to a BEC Scam
According to the Denver Post, the town of Erie, Colorado, sent $1.01 million to malicious actors as a result of a BEC scam. The attack began back in mid-October when an unknown individual completed an electronic form on the town’s website. They used the form to request that SEMA Construction, Inc., a local construction company, […]