Arctic Wolf®, a global leader in security operations, published findings from its annual State of Cybersecurity: 2024 Trends Report, based on a global survey the company commissioned from Sapio Research of over 1,000 senior IT and cybersecurity decision-makers from over fifteen different countries.
Tag: BEC
Coalition Finds More Than Half of Cyber Insurance Claims Originate in the Email Inbox
A report by Coalition found that more than half (56%) of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management.
FBI Warns that BEC Attacks Now Also Target Food Shipments
The food sector is now also targeted in business email compromise (BEC) attacks that aim to steal entire shipments of food.
Ransomware, Email Compromise Are Top Security Threats While Deepfakes Increase
While ransomware and business email compromise (BEC) are the most common causes of security incidents for businesses, geopolitics and deepfakes are becoming more prevalent, according to reports from two leading cyber security firms. According to VMware’s 2022 Global Incident Threat Response Report, there is a steady increase in extortionate ransomware attacks and BEC, as well… Continue reading Ransomware, Email Compromise Are Top Security Threats While Deepfakes Increase
Accounts Deceivable: BECs Costliest Type of Cybercrime
A Beverly Hills shopping spree, a luxury vacation in Mexico, and a bank account that grew from $299.77 to $1.4 million overnight. Moe and Kateryna Abourched appeared to have won the lottery from the outside. This large payout, however, was not the result of lucky numbers. According to a search warrant application filed in federal… Continue reading Accounts Deceivable: BECs Costliest Type of Cybercrime
New Whitepaper Explores Evolution of Email Cyber Crime
Chubb has released a new whitepaper outlining how cyber criminals have evolved their deceptive practices around email cyber crimes, including the use of Business Email Compromise (BEC). The paper, “Email: Is the Digital Door Propped Open for Identity Hijackers?,” explores how BEC works, why it is successful, and the importance of using multi-factor authentication as… Continue reading New Whitepaper Explores Evolution of Email Cyber Crime