A cybercriminal group launched advanced business email compromise (BEC) attacks on leading Israeli and UK financial firms. The Florentine Banker Group stole email credentials and lurked for two months before diverting important wire transfers worth millions of dollars. Only $600,000 was recovered via some emergency intervention immediately after the attack. FBI recently reported that there was $1.7 billion stolen in BECs in 2019 alone. Organizations must always deploy an email security solution, but they can’t rely on technology alone.”]
Source: https://www.darkreading.com/attacks-breaches/cybercrime-group-steals-1-3m-from-banks