One of Europe’s biggest companies just lost $45M in a business email scam
Leoni AG, a billion-dollar (market cap) manufacturer of cables and cable harnesses for car manufacturers, announced last month that it had fallen victim to a business email compromise (BEC) scam. The cost? 40 million Euros, or about $45 million. Leoni announced the fraud on August 16, a few days after it had happened. Upon hearing the news, the […]
Corporations understand DMARC is critical. So why can’t they get to enforcement?
The Online Trust Alliance (OTA) recently published the 2016 results of its annual Online Trust Audit, an analysis of corporations’ attitudes towards security and their adoption of various security technologies. The OTA audit shows that most corporations, banks, and government agencies have a long way to go before they fully implement the most advanced email […]
Senior Execs Fired for Spear Phishing Success
In the wake of the much-discussed payroll company that fired an employee for falling victim to a spear phishing scam, an Austrian manufacturer has fired its CEO and financial chief after the company gave away more than $50 million due to a CEO impersonation attack. As with Alpha Payroll, it’s worth asking: Did the company, FACC AG, take the […]
A Better Way to Respond to Phishing Attacks
An employee at payroll service provider Alpha Payroll got fired for falling victim to a phishing scam, as CSO Magazine’s Steve Ragan reported recently. You can read about it at the above link, but the brief recap is that in response to a breach, payroll service provider Alpha Payroll informed the New Hampshire attorney general of the breach […]
Introducing Valimail
Not actually a Valimail rocket. Photo credit: NASA From inception, our vision has been to do something unique and audacious: authenticate the world’s email. If we’re successful, the result will be the elimination of phishing attacks, much higher deliverability rates, and a restoration of consumers’ trust in email. After nine months of developing our technology, working with […]
