The Federal Bureau of Investigation (FBI) warned this week that US organizations and individuals are being increasingly targeted in BEC (business email compromise) attacks on virtual meeting platforms.
Business Email Compromise/Email Account Compromise (BEC/EAC) is a sophisticated scam that targets both entities and individuals who perform legitimate transfer-of-funds requests
Cybercriminals are targeting organizations of any size and individuals, in BEC attack scenarios attackers pose as someone that the targets trust in, such as business partners, CEO, executives, and service providers.
Scammers use to compromise legitimate business or personal email accounts through different means, such as social engineering or computer intrusion to conduct unauthorized transfers of funds.
Crooks started using virtual meeting platforms due to the popularity they have reached during the pandemic.
The Public Service Announcement published by FBI warns of a new technique adopted by scammers that are using virtual meeting platforms to provide instructions to the victims to send unauthorized transfers of funds to fraudulent accounts.
“Between 2019 through 2021, the FBI IC3 has received an increase of BEC complaints involving the use of virtual meeting platforms to instruct victims to send unauthorized transfers of funds to fraudulent accounts. A virtual meeting platform can be defined as a type of collaboration technique used by individuals around the world to share information via audio, video conferencing, screen sharing and webinars.” reads the FBI’s PSA.
Crooks are using the virtual meeting platforms for different purposes, including impersonating CEOs in virtual meetings and infiltrating meetings to steal sensitive and business information.
Below are some of the examples provided by the FBI regarding the use of virtual meeting platforms by crooks:
Below are recommendations provided by the FBI:
(SecurityAffairs – hacking, BEC)