Russian scammers used corporate buzzwords to try and defraud Fortune 500 firms

Russian scammers used corporate buzzwords to try and defraud Fortune 500 firms


It seems Russian hackers are up to no good again: an emerging group of scammers posing as legitimate business execs has orchestrated more than 200 email-based attacks designed to swindle Fortune 500 companies out of hundreds of thousands of dollars. The bandits, dubbed “Cosmic Lynx” by researchers from security firm Agari, have targeted individuals in 46 countries since July 2019, CyberScoop reports. The attackers often impersonated senior execs from Fortune 500 and Global 2000 companies to request wire transfers or other forms of payment. The malicious tactic is more commonly known as a business email compromise (BEC) scam. In fact, the FBI…

This story continues at The Next Web
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