Phishing schemes net hackers millions of dollars from Fortune 500

Charlie Osborne reports:

Fortune 500 companies are losing millions of dollars due to new and sophisticated phishing scams conducted by cyberattackers, IBM has discovered.

On Wednesday, researchers from IBM’s X-Force Incident Response and Intelligence Services (IRIS) team said the Business Email Compromise (BEC) scheme is currently active and is successfully targeting Accounts Payable (AP) teams at Fortune 500 companies.

In a blog post, the researchers said that after discovering evidence of the threat in Fall 2017, their analysis of the campaign led them to Nigeria, where the threat actors appear to be operating.

Read more on ZDNet.

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