LAS VEGAS – Poor operational security on the part of Nigerian scammers running a Business Email Compromise (BEC) scheme has given researchers a window into their operations. Dell SecureWorks today published a report at Black Hat USA 2016 on what the criminals involved call wire-wire, or “waya-waya.” These attackers aren’t particularly sophisticated malware coders, for...

Businesses were hit hardest by inbox-based scams in 2015 that robbed U.S. companies of $263 million. The numbers come from the FBI’s recently released 2015 Internet Crime Report that tallies the types of cybercrimes hitting U.S. business and individuals the hardest. According to the FBI, its Internet Crime Complaint Center (IC3) received 288,012 complaints last...