Why This New Cybergang is Heralding a New Age For BEC

Published: Oct. 2, 2019, 6:36 p.m.

Researchers have uncovered a cybergang, using a new business email compromise (BEC) tactic, that has found success swindling funds from more than 500 organizations worldwide.

The cybergang, dubbed Silent Starling, hijacks email accounts belonging to employees within a targeted company’s finance department, such as accounts receivable or procurement - and then targets their customers.