‘Florentine Banker’ Group Steals Approximately £600K in Successful BEC Scam

From securityintelligence.com

The coronavirus scams you need to know about

A threat group known as “The Florentine Banker” stole approximately £600K in a successful business email compromise (BEC) scam.

Check Point Research reported that the Florentine Banker group had targeted three large organizations in the British and Israeli financial sectors. Those attacks began when the threat group set up a phishing campaign that targeted the CEO, CFO and/or other individuals in the organization who had the authority to authorize money transfers. After gaining access to a victim’s account, the attackers read the emails stored therein to learn about the channels used to process money transfers and to glean more about who might be involved in completing such a transaction.

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