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BEC attacks: Scammers’ latest tricks

October 18, 2021

BEC attacks are generally low-volume but, according to a recent survey by GreatHorn, 71% of organizations experienced at least one in the past year.

Trend Micro’s latest research has revealed that scammers have been ramping up their efforts and that some have switched to impersonating and targeting ordinary employees instead of executives or ranking management personnel.

“From our observations, BEC attacks don’t only target high-profile users but also any employee that can be found on social media networks with significant personal information published (such as LinkedIn). These pieces of information can be used to spoof employees and partners, and cause significant financial damage to businesses,” threat researchers and analysts Marshall Chen, Loseway Lu, Paul Pajares and Fyodor Yarochkin shared.

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