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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Reddit Breach Highlights Limits of SMS-Based Authentication

Credit to Author: BrianKrebs| Date: Thu, 02 Aug 2018 00:55:17 +0000

Reddit.com today disclosed that a data breach exposed some internal data, as well as email addresses and passwords for some Reddit users. As Web site breaches go, this one doesn’t seem too severe. What’s interesting about the incident is that it showcases once again why relying on mobile text messages (SMS) for two-factor authentication (2FA) can lull companies and end users into a false sense of security.

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Google: Security Keys Neutralized Employee Phishing

Credit to Author: BrianKrebs| Date: Mon, 23 Jul 2018 11:34:38 +0000

Google has not had any of its 85,000+ employees successfully phished on their work-related accounts since early 2017, when it began requiring all employees to use physical Security Keys in place of passwords and one-time codes, the company told KrebsOnSecurity.

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