A new group of fraudsters believed to be from the Russian cybercriminal space has elevated Business Email Compromise (BEC) scams to a new level. Researchers at email prevention company Agari tracking Cosmic Lynx say that the group is responsible for more than 200 BEC attacks since July 2019. The group is typically impersonating the CEO of the target company, sending a senior-level executive an email request to close an acquisition with an Asian company. The average amount requested in most executive impersonation BEC fraud is $55,000.
Source: https://www.bleepingcomputer.com/news/security/first-reported-russian-bec-scam-gang-targets-fortune-500-firms/