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- Trend snippet: Virtual meeting platforms have become a popular medium for BEC-scams.
Trends in Security Information
The HSD Trendmonitor is designed to provide access to relevant content on various subjects in the safety and security domain, to identify relevant developments and to connect knowledge and organisations. The safety and security domain encompasses a vast number of subjects. Four relevant taxonomies (type of threat or opportunity, victim, source of threat and domain of application) have been constructed in order to visualize all of these subjects. The taxonomies and related category descriptions have been carefully composed according to other taxonomies, European and international standards and our own expertise.
In order to identify safety and security related trends, relevant reports and HSD news articles are continuously scanned, analysed and classified by hand according to the four taxonomies. This results in a wide array of observations, which we call ‘Trend Snippets’. Multiple Trend Snippets combined can provide insights into safety and security trends. The size of the circles shows the relative weight of the topic, the filters can be used to further select the most relevant content for you. If you have an addition, question or remark, drop us a line at info@securitydelta.nl.
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Virtual meeting platforms have become a popular medium for BEC-scams.
The COVID-19 pandemic and the restrictions on in-person meetings led to increases in telework or virtual
communication practices. These work and communication practices continued into 2021, and the IC3 has
observed an emergence of newer BEC/EAC schemes that exploit this reliance on virtual meetings to instruct
victims to send fraudulent wire transfers. They do so by compromising an employer or financial director’s
email, such as a CEO or CFO, which would then be used to request employees to participate in virtual
meeting platforms. In those meetings, the fraudster would insert a still picture of the CEO with no audio,
or a “deep fake” audio through which fraudsters, acting as business executives, would then claim their
audio/video was not working properly. The fraudsters would then use the virtual meeting platforms to
directly instruct employees to initiate wire transfers or use the executives’ compromised email to provide
wiring instructions.