Business Email Compromise Singapore
Trend Micro Singapore A Hotbed For Malicious Urls In Sea 1 In 2018 Ranks First For Business Email Compromise Bec Business Emails Trend Micro Business
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Matt lundy is assistant general counsel at microsoft responsible for leading efforts to prevent these crimes.
Business email compromise singapore. Business email compromise training. How does it attack your business and how can you prevent it. Singapore more than 200 reports on business e mail impersonation scams have been made between january and july this year said the police in a statement on tuesday sept 11.
About 27 3 per cent of business email compromise bec incidents that trend micro detected in south east asia took place in singapore. Business email compromise is a damaging form of cybercrime with the potential to cost a company millions of dollars. Tuesday december 1 2020 8 54 am asia singapore features.
The report was written by macnica networks corp macnica networks the parent company of netpoleon and analyses threats targeting asia s organisations. Singapore antara business wire netpoleon solutions pte ltd hereinafter. Three members of notorious business email compromise group arrested.
Upon the receipt of the information the anti scam centre asc swiftly froze the singapore based uob account and recovered a portion of the money. Since the fbi began tracking bec attacks in late 2013 7000 us companies have become. Netpoleon a leading provider of integrated security networking solutions and value added services publishes the report business email compromise bec.
Even the most astute can fall victim to one of these sophisticated schemes. Kuala lumpur nov 25 netpoleon solutions pte ltd netpoleon has published the report business email compromise bec. How does it attack your business and how can you prevent it.
Singapore is the most vulnerable country in south east asia for business email compromise scams and a hotspot for hosting malicious web addresses according to cybersecurity solutions provider trend micro. Preliminary investigations revealed that the transfer of funds was linked to an alleged business email compromise scam. Bec is a very costly type of cyber attack happening to businesses today.
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