Computer Security News and Insights
A CFO, a Spoofed Email, and a $37 Million Wire Transfer In 2024, the FBI's Internet Crime Complaint Center (IC3) continued reporting staggering losses from business email compromise — a category where spoofing is the engine that makes the scam work. Threat actors forge sender addresses, manipulate caller IDs,
A Single Email Cost This Company $100 Million In 2019, Toyota Boshoku Corporation wired $37 million to a threat actor who impersonated a business partner via email. Facebook and Google collectively lost over $100 million to a Lithuanian man who sent fake invoices over two years. These weren't
In 2023, MGM Resorts lost roughly $100 million after a threat actor called Scattered Spider used a spear phishing phone call — a single, targeted social engineering attack against an IT help desk employee — to breach one of the largest casino operators on the planet. The attacker found the employee'
The CEO Email That Cost a Company $47 Million In 2015, Ubiquiti Networks disclosed that attackers impersonating company executives via spoofed emails tricked employees into wiring $46.7 million to overseas accounts. The emails looked legitimate. The sender addresses appeared correct. No malware was involved. The entire attack hinged on
The FBI Warns Gmail Users of Sophisticated AI-Driven Phishing Attacks — And Most People Aren't Ready In late 2024, the FBI issued a stark public service announcement: threat actors are using generative AI to craft phishing emails so convincing that even seasoned IT professionals struggle to spot them. The
A Developer Nearly Lost Everything to a Fake Google Support Call In early 2025, a widely reported attack targeted Gmail users with a phone call that appeared to come from Google's actual support number. The caller — using AI-generated voice — told the victim their account had been compromised. They
Last year, a finance director at a mid-size logistics company wired $1.2 million to a threat actor who sent a single phishing email impersonating the CEO. The email contained no malware, no suspicious attachments, and no misspelled words. It simply asked for an urgent wire transfer, referenced a real
A Single Phishing Email Cost This Company $100 Million In 2024, the FBI's Internet Crime Complaint Center reported that phishing — often misspelled as "phising" — remained the most reported cybercrime category, with hundreds of thousands of complaints filed in a single year. But the raw numbers don&
In 2023, the FBI's Internet Crime Complaint Center reported that business email compromise — a sophisticated form of fake mail — caused adjusted losses exceeding $2.9 billion. That single category of email fraud outpaced every other cybercrime type in financial damage. And those are just the cases that got
The FBI Warning on Vishing and Smishing You Can't Afford to Ignore In early 2024, the FBI's Internet Crime Complaint Center (IC3) flagged a sharp escalation in vishing and smishing campaigns targeting businesses and individuals across the United States. The 2023 IC3 Annual Report documented over
