Friday 27 November 2020

Netpoleon releases report on Business Email Compromise




KUALA LUMPUR, Nov 25 -- Netpoleon Solutions Pte Ltd (Netpoleon) has published the report ‘Business Email Compromise (BEC): How does it attack your business and how can you prevent it?’.

The report was written by Macnica Networks Corp (Macnica Networks), the parent company of Netpoleon and analyses threats targeting Asia’s organisations and provides security solutions in Japan.

The report summarises reality of fraud, flow from careful preparation to transfer to the account prepared by the attacker, measures that it believes have a certain effect at this point in the system and accounting departments and the incident response required when faced with BEC.

It is the result of an analysis based on many emails obtained by Macnica Networks, according to a statement.

Macnica Networks has analysed not only BEC email received by group affiliates of Macnica Group from 2015 to 2019, but also BEC email received by trading partners purporting to be from Macnica Group.

This includes BEC cases handled through the incident response service provided by Macnica Networks and has exposed the methods used by attackers.

With the cooperation of Itochu’s ITCCERT providing analysis results regarding the daily BEC attacks on the Itochu Group, as it continues to expand worldwide, the company is now able to shed even more light on the methods and identities of attackers.

The leading provider of integrated security, networking solutions and value added services, Netpoleon, will endeavour to contribute to cyber security measures by investigating, analysing, and disclosing information on attacks.

More details at https://www.netpoleons.com/

-- BERNAMA


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