"93 Percent of Organizations Suffer Business Email Compromise Attacks"

The threat of Business Email Compromise (BEC) is growing as the number of BEC attacks is predicted to surpass the number of phishing attacks significantly. According to a new report from the cloud email security platform IRONSCALES, more than 93 percent of organizations have encountered one or more types of BEC attacks within the previous 12 months, with 62 percent encountering three or more attack variants. In addition, 43.3 percent of respondents from major organizations expect an increase in BEC attacks over the next 12 months. The report also reveals that finance employees and C-level executives are the two groups most commonly targeted by BEC attacks. About half of all groups report daily, weekly, or monthly BEC attacks. The most typical types of BEC attacks are fake invoices, data theft, and account takeover. In the past 12 months, one in five companies has experienced these types of attacks. Two in three organizations have seen three or more types of BEC attacks in this time, with data theft attacks occurring most frequently. This article continues to discuss key findings from IRONSCALES' new report on BEC attacks. 

BetaNews reports "93 Percent of Organizations Suffer Business Email Compromise Attacks"