#BECScammers

The ultimate dual-use tool for cybersecurity

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August 28, 2024 at 05:13AM Artificial intelligence (AI) is a dual-use tool in cybersecurity, offering both defenders and attackers new capabilities. While AI enhances threat detection for defenders, it also empowers cybercriminals to create more convincing phishing content. Yet, AI-based solutions, such as Proofpoint’s, demonstrate the potential for using AI to enhance cybersecurity defenses by … Read more

Uncle Sam seeks to claw back $5M+ stolen from trade union through spoofed email

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June 6, 2024 at 09:35AM The US Justice Department seeks to recover over $5 million stolen from a trade union by cyber scammers through a BEC scam. The fraud involved spoofing emails, recruiting money mules, and rapidly moving funds between bank accounts. The department aims to stop such scams, which cause estimated daily losses of … Read more