Organizations lost $2.7 billion to Internet-enabled theft, fraud and exploitation in 2018, with business e-mail compromise scams resulting in the highest of these financial losses, according to the FBI’s Internet Crime Complaint Center (IC3).
business email compromise
Podcast Episode 123: HaveIBeenPwned’s Troy Hunt on Marriott’s Big Mess and GreatHorn on the Asymmetric Threat of Email
Thanks to our friends at GreatHorn for sponsoring this week’s podcast. In this episode of the Podcast, # 123: Troy Hunt, the founder of HaveIBeenPwned.com joins us to talk about Marriott International’s big mess: a breach of Starwood Hotels’ reservation system that revealed information on half a billion (with a “B”) guests. And, in our second segment: you’ve heard of Business Email Compromise attacks but what about Business Service Impersonation scams? In our second segment we speak with Kevin O’Brien the CEO and co-founder of GreatHorn about using machine learning to defend against asymmetric messaging threats.
In-brief: the FBI is warning the public to beware of business email compromise attacks, saying that they have cost U.S. businesses more than $1.6 billion in losses since 2013.