Previously on Tech Essentials, we introduced you to the cybercrime phenomenon initiated by Email Eavesdropping and ending in a mis-wire, in part 1 of a 3-part series we’re running.
But while all this exposition is necessary for a basic understanding, to really comprehend how such a scheme works, we’re going to (against the advice of our attorneys 😉) detail the most common steps involved in a targeted business email compromise (BEC) attack so you can really live through it. I warn you, while this is not as scary as the latest episode of The Last of Us, you may feel a bit of a chill…
Of course, everybody has gotten (perhaps even today) a phishing email, but this is not what we’re going to outline here. This is more about sophisticated organized crime rings that target carefully identified individuals in companies with deeper pockets than your average individual. They often have entire teams working in far-flung, shadowy regions that are bent on scoring big with an email-based lure.
Here is a brief rundown of this type of sophisticated email-initiated crime:
Meanwhile, a week or so later, the real you follows-up to find out when payment will be made. The recipient replies quizzically that it was already sent. Panic ensues when the account numbers are found to be wrong, and the funds are gone.
The above highly scalable scheme and its iterations have been so successful that the FBI recently reported more than $2 billion of funds have been mis-wired and unrecoverable in the last year alone, and that is only what is reported to the FBI.
What if you had RMail PRE-Crime services with Email Eavesdropping™ alerts turned on? You would have known when your clients are being drawn into the above scheme before you are cut out of the loop. Put another way: if an email someone sends is being eavesdropped on due to an unknown security issue with the recipient’s email account, you will be alerted. Plus, you and they (if they use RMail), will get alerts after they click SEND, before the message is sent, that they are about to correspond with a cybercriminal unknowingly, preventing the cybercrime while raising e-security awareness at the user level.
For more information on RMail PRE-Crime services and how they can prevent BEC attacks before they are carried out, please review this recent webinar presented by the Florida Bar – and as a bonus, Florida Bar lawyers can receive a CLE credit for watching. Or, contact us to receive our free white paper on PRE-Crime™ Active Threat Hunting.
Feel free to contact us to discuss RMail, its cutting-edge Email Eavesdropping™ alerts, or if you have any concerns about your own systems being eavesdropped on. Stay tuned for our final installment in our email eavesdropping series next week…
September 22, 2023
September 15, 2023
September 08, 2023
August 31, 2023
August 25, 2023