Business email compromise scam costs Pathé $21.5 million

Credit to Author: Christopher Boyd| Date: Mon, 19 Nov 2018 16:00:23 +0000

Recently released court documents show European-based cinema chain Pathé lost a small fortune to a business email compromise (BEC) scam in March 2018. The attack cost the company $21.5 million—that’s 10 percent of its total earnings. Learn how to avoid BEC scams and keep your company in the black.

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The post Business email compromise scam costs Pathé $21.5 million appeared first on Malwarebytes Labs.

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A week in security (September 10 – 16)

Credit to Author: Malwarebytes Labs| Date: Mon, 17 Sep 2018 15:56:14 +0000

A roundup of the security news from September 10–16, including omnichannel fraud, ways to get back at scammers, the security of 2FA, and partnerstrokas.

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Instagram’s New Security Tools are a Welcome Step, But Not Enough

Credit to Author: BrianKrebs| Date: Wed, 29 Aug 2018 22:59:39 +0000

Instagram users should soon have more secure options for protecting their accounts against Internet bad guys.  On Tuesday, the Facebook-owned social network said it is in the process of rolling out support for third-party authentication apps. Unfortunately, this welcome new security offering does nothing to block Instagram account takeovers when thieves manage to hijack a target’s mobile phone number — an increasingly common crime.

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