Security News
Email protection company Material Security this week announced that it raised $40 million in Series B funding, which brings the capital raised by the firm to date to $62 million. Founded in 2017, the Redwood City, California-based company is focused on protecting email accounts both before and after compromise.
Microsoft is investigating an Office 365 issue causing Outlook and Exchange Online emails to skip recipients' inboxes and being sent their junk folders instead. "We're investigating an issue in which email is being sent to the junk folder," Microsoft shared on the company's Microsoft 365 Status Twitter account. The Microsoft 365 Service health status page is currently directing customers to the Microsoft 365 Status Twitter account for more details regarding this ongoing incident.
Tessian, an email security company that focuses on human error, today announced that it raised $65 million in Series C funding. The company has raised $123.7 million in total and its valuation is now $500 million.
Walmart apologizes for a burst of offensive and racist Walmart.com registration emails sent to thousands of people yesterday. Starting at approximately 2 AM EST yesterday, people worldwide began receiving new user registration emails from Walmart.com where the member name was a racist slur.
The UK data regulator has fined American Express £90,000 for sending over 4 million spam emails to customers within one year. "During the investigation the ICO found that Amex had sent over 50 million, of what it classed as, servicing emails to its customers," the UK Information Commissioner's Office said.
An email campaign is delivering a Java-based remote access trojan that can not only steal credentials and take control of systems, but also presents as fake ransomware, Microsoft researchers have discovered. The Microsoft Security Intelligence team has outlined details of a "Massive email campaign" delivering the StrRAT malware that they observed last week and reported in a series of tweets earlier this week.
Fraudsters are sending out fake Amazon order emails and tricking online shoppers into calling a telephone number manned by them to steal the shoppers' credit card details and other sensitive information. Both emails look contain Amazon branding and follow a structure similar to real order confirmation emails from Amazon but, if one knows where to look, there are many indications that the emails are fraudulent.
American Express has been fined 0.009 per cent of its annual profits by the Information Commissioner's Office after spamming people who opted out of its marketing emails with 4.1 million unwanted messages. "Between 1 June 2018 and 21 May 2019, 4,098,841 of those emails were marketing emails, designed to encourage customers to make purchases on their cards which would benefit Amex financially. It was a deliberate action for financial gain by the organisation. Amex also did not review its marketing model following customer complaints," said the ICO in a statement.
Cybercriminals are increasingly using email as an easy and effective way to infect computers with malware and trick potential victims with phishing scams, says Trustwave. In a report released Wednesday, cybersecurity provider Trustwave looks at email scams prevalent in 2020 and provides advice on how to combat them.
On Wednesday, software company Egress released a report titled "Outbound email: Microsoft 365's security blind spot" highlighting email data breaches and IT frustrations during the coronavirus pandemic. "We can't ignore the risk of email data loss from Microsoft 365 and the limitations of static DLP solutions to mitigate the outbound email security risks that organizations face today."