The old adage of people being the weakest link in security is especially true when it comes to email threats. Here, cybercriminals can arguable generate their biggest “bang for the buck” by socially ...
BEC attacks getting are more dangerous, and smart users are the ones who can stop it. Business email compromise (BEC) attacks ramped up significantly in 2020, with more than $1.8 billion stolen from ...
In September, a Nikkei America employee transferred $29 million to BEC scammers who were purporting to be a Nikkei executive. Media conglomerate Nikkei Inc. has fallen victim to a business email ...
Business email compromise (a.k.a. CEO fraud) is the highest-grossing type of cybercrime, according to the FBI’s IC3 Internet Crime Report 2021. More than a third of all cybercrime losses can be ...
While published trends in ransomware attacks have been contradictory — with some firms tracking more incidents and other fewer — business email compromise (BEC) attacks continue to have proven success ...
Losses from business email compromise (BEC) scams are about 50 times greater than those caused by ransomware. Here's why BEC is favored by cybercriminals. While businesses are busy trying to protect ...
Business email compromise (BEC) continues to evolve on the back of sophisticated targeting and social engineering, costing business worldwide more than $50 billion in the last 10 years — a figure that ...