May 14, 2020 By Lindsey O'Donnell
BEC gangs like “Exaggerated Lion” are using tricky tactics – like exploiting G Suite – to scam companies out of millions.
Business email compromise (BEC) attacks continue to be a thorn in companies’ sides, with the FBI in its IC3 annual cybercrime report saying that the attacks cost victims $1.7 billion in 2019.
Making matters worse, BEC cybergangs are turning to new tactics and tricks to avoid detection and capitalize on existing victims. For instance, a cybercriminal gang that researchers call “Exaggerated Lion” has been making use of G Suite and extremely long domain names to swindle millions of dollars out of its victims.