Japanese media firm, Nikkei, was recently scammed out of $29 million dollars after an employee fell for a classic business email compromise (BEC) attack. 

The firm recently issued a statement claiming that in late September of 2019, an employee of its subsidiary Nikkei America, Inc. transferred $29 million after receiving instructions from a malicious third party claiming to be a management executive at Nikkei. 

After Nikkei America recognized the payment request was likely fraudulent, the firm retained lawyers to confirm the facts around the incident and filed a damage report with investigative authorities in the United States and Hong Kong. The firm is still in the process of recovering the funds that have been transferred. 

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury, recently revealed that these BEC attacks are making cybercriminals over $300 million per month from their US victims alone.  The FBI also issued a warning earlier this year that the losses and potential losses reported as a result of BEC attacks hit over $12 billion globally. 

With BEC scams continuing to increase in volume and value, it's important that organizations have checks and balances in place to stay safe and quickly spot an attack. Solutions like File Integrity Monitoring (FIM) have long been considered an essential security defense to ensure sensitive environments remain secure, hardened, and free of vulnerabilities at all times. 

Learn more about our File Integrity Monitoring solution 

NNT Suite of Products

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Combine industry leading Device Hardening, File Integrity Monitoring, Change Control, Configuration Management & Compliance Management into one easy to use solution that can scale to the most demanding environments!

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Automatically evaluate and verify the authenticity of file changes in real-time with NNT FAST™ (File Approved-Safe Technology) Integrity Assurance.

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Comprehensive and easy to use security information & event log management with intelligent & self-learning correlation technology to highlight potentially harmful activity in seconds.

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Continuously scan and identify vulnerabilities with unparalleled accuracy and efficiency, protecting your IT assets on premises, in the cloud and mobile endpoints.

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