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Business Email Compromise (BEC) Incurs $50 Billion in Global Losses On the back of sophisticated targeting and social engineering, business email compromise (BEC) has cost businesses worldwide more than $50 billion over the past ten years. According to the FBI’s Internet Crime Complaint Center (IC3) 2022 report on BEC, global businesses lost approximately $51 billion…
Fake Reservation Links Prey on Weary Travelers: Cybersecurity Risks for Travel Industry The travel industry has been reeling under the impact of COVID-19 and the subsequent disruptions. The latest threat comes in the form of fake reservation links that are being used by cybercriminals to target the travel and hospitality industries. The threat group identified…