Business Email Compromise Incidents up 133%
Business email compromises (BEC) scams made a big statement in 2018, seeing a 133% increase over 2017, according to a recent report by Beazley Breach Response Services.
The Beazley Breach Briefing looked at information gathered from investigations into more than 3,300 data incidents that were reported to Beazley in 2018.
Business Email Compromise Scams – Here to Stay
Business email compromise (BEC) scams remain one of the most widely used attack vectors among cybercriminals to date. In fact, cybercriminals are finding so much success in exploiting human vulnerabilities through BEC scams that their frequencies have been dramatically increasing.
The Psychology of Falling for a Phishing Email
Phishing is a cybercrime that has been around for many years, where targets are sent malicious emails claiming to be from a legitimate individual or organization to trick them into disclosing their sensitive information. Phishing emails remain a major threat today, however despite increased awareness of the cybercrime, cybercriminals continue to fool their targets into their traps, thus successfully carrying out these attacks. How do these attackers continuously find success in tricking their victims?