Security Awareness – $36 Million Vendor Email Compromise Attack Demonstrates Risk of Trust
Abnormal published a detailed blog post discussing a Vendor Email Compromise (VEC) attack with a 36 million dollar impact that was detected by its platform. In textbook fashion, the attacker impersonated a senior leader at a third party vendor that had a long-term relationship with the target and attempted to further gain legitimacy by cc’ing a peer business in the same sector. The spoofed emails utilized addresses with a “.cam” (not “.com”) domain, which had been set up less than a week prior to the attack.