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Phishing Sites & Phishing Kits · Vendor Email Compromise · Conclusion · Protections and Mitigations · Indicators of Compromise · Additional Resources
The global financial services industry has witnessed a 137% increase in Vendor Email Compromise (VEC) attacks over the last year, according to new data by Abnormal Security. ; The majority of these threats were related to socially engineered email attacks, with the sector receiving an average of 200 advanced attacks per 1000 mailboxes each week. ; Notably, peak attack periods occurred in late January, late September and mid-December last year. ; VEC involves threat actors impersonating business providers, like suppliers or vendors, to manipulate financial transfers. These attacks, often hard to detect due to their apparent legitimacy, can result in substantial financial losses for organizations.
Multiple healthcare organizations were impacted by an email security breach at Conifer Revenue Cycle Solutions, a revenue cycle management (RCM) and administrative services vendor. The impacted organizations included Baptist Medical Center, Resolute Health Hospital, The Hospitals of Providence Memorial Campus, and the Brownsville and Harlingen locations of Valley Baptist Medical Center. On April 14, Conifer said it discovered that an unauthorized party had gained access to a business email account. Further investigation revealed that the unauth ...
You may know what BEC (Business Email Compromise) is, but have you heard of VEC (Vendor Email Compromise)? If your business transacts with vendors to supply products or services, VEC is a sophisticated cyberthreat you need to know about. Vendor Email Compromise (also known as Vendor Impersonation Fraud) is a relatively new type of email scam that has taken Business Email Compromise (BEC) to a whole new level of sophistication. As the name suggests, in this type of cyberattack, the threat actors prey on employees working at vendor companies. ...
Vendor Email Compromise (VEC) targets an entire supply chain and uses stolen information from one organization to defraud vendors, business partners and individuals. REQUEST A DEMO REQUEST...
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Email communication between this customer and one of their third-party vendors was common and took place as part of expected business activity, earning previous emails tags such as “Known...
A vendor email compromise (VEC) attack that sought to change bank account information on a... between vendors and customers through personalization and social engineering. Mika Aalto, co...