Security Week reported:
Based on NioCorp’s brief description, the attacker leveraged the compromised email system for what appears to be a business email compromise (BEC) scheme that resulted in “misdirected vendor payments” totaling roughly $500,000.
Hackers likely used their access to the company’s emails to send legitimate-looking messages designed to convince the recipient to redirect payments to or from a vendor to a bank account controlled by the cybercriminals.
Find the original article here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Based on NioCorp’s brief description, the attacker leveraged the compromised email system for what appears to be a business email compromise (BEC) scheme that resulted in “misdirected vendor payments” totaling roughly $500,000.
Hackers likely used their access to the company’s emails to send legitimate-looking messages designed to convince the recipient to redirect payments to or from a vendor to a bank account controlled by the cybercriminals.
Find the original article here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat