Malware’s rise presents a rigorous challenge for organizations, meaning their security teams must remain ever-vigilant. Unfortunately, business email compromise (BEC), which takes advantage of communication channel vulnerabilities, has become a significant attack vector that has impacted many organizations. For example, unlike phishing, BEC enables full-scale account takeovers so threat actors can access sensitive data, financial assets, and confidential information. BEC is a significant problem. According to VIPRE Security data, 49% of all detected spam emails are attributed to BEC scams. The most common BEC targets include the CEO, HR, and IT. The situation becomes more sinister when as many as…
Author: Usman Choudhary
Cybercrime continues to be a persistent and pressing issue for all sized businesses, particularly smaller organisations. In fact, according to the National Cyber Security Alliance, nearly 60% of small businesses that experience a cyberattack shut their doors within six months. Despite the continuing rise in risk, many small businesses remain vulnerable to cyberattacks due to a lack of resources and – surprisingly – a lack of knowledge of the existing threats. Moreover, companies are now being exposed to cyber risks even further as they struggle to get appropriate cyber insurance, which, if needed, can be devastating should bad actors circumvent your company’s…