“There’s a couple reasons would target this industry… it’s a perfect storm between the lack of security and an interesting cultural piece,” said Bettke in an interview with Threatpost. ![]() Because the shipping industry is globally dispersed and operates in different time zones, they are completely reliant on email for communication – and thus a “low hanging fruit” for BEC scams, said James Bettke, security researcher at SecureWorks, who led the research into the group. ![]() Gold Galleon’s targets include maritime shipping organizations – such as companies providing ship management services, port services and cash to master services. The researchers estimate that Gold Galleon has specifically targeted the shipping industry in an attempt to steal at least $3.9 million between June 2017 and January 2018. Researchers from the Dell SecureWorks Counter Threat Unit dubbed the BEC group Gold Galleon. ![]() Attackers are taking advantage of the industry’s lax security and the use of outdated computers, according to a report released here at the RSA Conference Wednesday. ![]() SAN FRANCISCO – Researchers have identified the hacking group behind several widescale business email compromise (BEC) attacks gouging the maritime shipping industry millions of dollars since last year.
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