#BECScams

FBI: U.S. lost record $12.5 billion to online crime in 2023

by

March 7, 2024 at 07:56AM The FBI’s 2023 Internet Crime Report reveals a 22% increase in reported losses, totaling $12.5 billion, with 880,000 complaints submitted. People over 60 were the most vulnerable, and trends since 2019 show rising complaints and losses. Notably, BEC, investment fraud, and ransomware caused significant financial losses, totaling billions. IC3’s Recovery … Read more

Law Firms and Legal Departments Get Singled Out For Cyberattacks

by

November 30, 2023 at 05:27PM Cyberattackers are increasingly exploiting law firms and corporate legal departments with financial attacks such as ransomware and BEC. Incidents like CTS’s breach, LockBit’s ransom demand to Allen & Overy, and the rise in security breaches highlight the threat. Law firms, often handling sensitive information, are vulnerable due to limited cybersecurity … Read more