"AI Tools Like ChatGPT Expected to Fuel BEC Attacks"

Armorblox reports that 57 percent of all Business Email Compromise (BEC) attacks observed in the past year used language as the primary attack vector to reach unsuspecting employees. In addition, vendor compromise and fraud are increasing as a new attack vector, and graymail wastes 27 hours per week of security teams' time. The report is based on data collected from over 58,000 customer tenants, analyzing over 4 billion emails and preventing 800,000 threats each month. Small and midsize businesses (SMBs) are especially vulnerable to vendor fraud and email supply chain attacks. Fifty-three percent of vendor compromise attacks were directed at technology organizations. Malicious actors continue to infiltrate legitimate business workflows in order to gain access to sensitive business data. The most compromised business workflows involved email notifications, a significant increase from 2021. Fifty-two percent of all attacks target sensitive user information, such as login credentials. This article continues to discuss key findings shared by Armorblox regarding BEC attacks. 

Help Net Security reports "AI Tools Like ChatGPT Expected to Fuel BEC Attacks"