Automated translation services help deliver BEC attacks

Business email compromise (BEC) attacks are a major issue and are reckoned to have accounted for over a third of all financial losses from cyberattacks in 2021. While not as common as phishing, BEC is a serious threat and it's not just in English-speaking countries. Abnormal Security has identified two groups using executive impersonation to execute BEC attacks on companies worldwide. The groups -- Midnight Hedgehog, a group engaging in payment fraud, and Mandarin Capybara, a group executing payroll diversion attacks -- have launched BEC campaigns in at least 13 different languages, including Danish, Dutch, Estonian, French, German, Hungarian, Italian,… [Continue Reading]