Business email compromise scams on the rise
Published on: Saturday, September 24, 2016
PETALING JAYA: Business Email Compromise (BEC) scams, a tactic which compromises business accounts to facilitate unauthorised fund transfer is on the rise in Malaysia.Cyber Security expert Dhanya Thakkar said about 8,000 cases, especially online banking malwares were recorded in the first two quarters of this year.Thus, companies in Malaysia should form an incident-response team to protect their database, not only for alarming BEC attacks, but also for cyber crime and ransomware, he told reporters at the Trend Micro Cybercrime 2016 here.
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