AUSTRALIA - A South Australian woman narrowly avoided a complete financial disaster after falling victim to a sophisticated business email compromise (BEC) scam that led to the loss of over $800,000. Authorities have since managed to recover a significant portion of the stolen funds, shedding light on the growing threat of cyber fraud in real estate transactions. The victim, who had been in the process of purchasing a property, received what appeared to be a legitimate … [Read more...]
Hackers Utilizing Russian Domains for Rising Number of Complex Phishing Attacks
REDMOND, WA - Cybersecurity experts have noted a large increase in the number of phishing attacks recently as hackers have been altering their attack avenues in order to work their way around increasingly complex email security systems designed to circumvent their efforts. Both the volume and complexity of malicious emails have been on the rise and are proving to be increasingly able to bypass Secure Email Gateways (SEGs) such as Microsoft and Proofpoint, according … [Read more...]