business email compromise (BEC)

Are deepfake fraud risks overhyped? Where enterprises are exposed

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Are deepfake fraud risks overhyped? Where enterprises are exposed

Deepfakes are the hot new enterprise risk. British engineering group Arup lost $25 million recently after scammers used AI deepfakes to falsely pose as the group’s CFO and request transfers from an employee to fraudulent bank accounts.  But will deepfakes become the number one avenue for fraudsters to steal money? Likely not. There are far more common and pervasive cyber fraud attack methods, specifically business email compromise (BEC) schemes. Data shows that 83% of companies…

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In the last year, 70% of organizations were targeted with BEC attacks

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In the last year, 70% of organizations were targeted with BEC attacks

A report by Arctic Wolf shows that business email compromise (BEC) incidents are a common occurrence, as 70% of organizations experienced an attempted attack in the last year. 29% of these organizations became victims of one or more successful BEC attacks. The report also discussed ransomware. 45% of the respondents state that their organization experienced a ransomware incident in the last 12 months, with 86% of those incidents involving successful data exfiltration.  Among organizations that…

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Verizon 2023 Data Breach Report shows rising cost of ransomware

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Verizon 2023 Data Breach Report shows rising cost of ransomware

Verizon 2023 Data Breach Report shows rising cost of ransomware | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. …

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Report: Advanced phishing attacks grew 356% in 2022

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Report: Advanced phishing attacks grew 356% in 2022

Report: Advanced phishing attacks grew 356% in 2022 | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website…

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Report: Endpoint ransomware detections increase 627%

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Report: Endpoint ransomware detections increase 627%

Report: Endpoint ransomware detections increase 627% | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy…

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Data breach prevention ranked top global cybersecurity priority

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Data breach prevention ranked top global cybersecurity priority

Data breach prevention ranked top global cybersecurity priority | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website…

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4 CISO strategies for banks combatting business email compromise

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4 CISO strategies for banks combatting business email compromise

4 CISO strategies for banks combatting business email compromise | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This…

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Email cyberattacks increased 48% in first half of 2022

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Email cyberattacks increased 48% in first half of 2022

Email cyberattacks increased 48% in first half of 2022 | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This…

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92% of enterprises experienced an email security incident last year

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92% of enterprises experienced an email security incident last year

92% of enterprises experienced an email security incident last year | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. …

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Phishing at all-time high; 1 million attacks in Q1 2022

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Phishing at all-time high; 1 million attacks in Q1 2022

<!– Phishing at all-time high; 1 million attacks in Q1 2022 | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more….

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