Business Email Compromise (BEC) Incidents Up 200%

The number of incidents involving business email compromise (BEC) has doubled, replacing ransomware as the most common type of financially motivated cyber threat to organisations, according to new research. (For practical prevention steps, see Business Email Compromise: How to Protect Your Company.)

The growth in BEC was linked to a surge in successful phishing campaigns, accounting for 33% of incidents where the initial access vector (IAV) could be established, a near three-fold increase compared to 2021 (13%). With the increase in Business Email Compromise, organisations should also watch for common lures like DocuSign phishing emails and reduce account takeover risk by investing in password managers.

To read the full article from SecurityBrief, click here: https://securitybrief.asia/story/bec-overtakes-ransomware-as-cyber-crime-of-choice