Researchers at Agari say that Cosmic Lynx, a new group believed to be from the Russian cybercriminal space, is responsible for more than 200 BEC attacks since July 2019 and shows operational complexity not seen before with other BEC actors. Cosmic Lynx focuses on multinational corporations and tries to score big, asking for large sums (hundreds of thousands or even millions of USD) to be transferred to mule accounts in Hong Kong.
The good news— less than 300 companies remain on the Fortune 500 for Cosmic Lynx to attack. The bad news—they\’re all behind the game because they think it won’t happen to them. No one is immune to BEC attacks, but anyone can be prepared. Train your staff now to avoid falling prey to these cybercriminals in the near future. Training is proven to decimate the risk. Let’s play a game of \”would you rather.\” Would you rather: a) Spend a little now to dramatically reduce your risk of being victimized, or b). Spend a fortune later to recover from these specialized attacks?