Business Email Compromise stories
Email remains the preferred attack vector for cybercriminal activity, from low-level cybercriminals to nation states.
Forrester's latest rankings crown Trend Micro as the top leader in enterprise email security, praising its innovation and strategic vision.
These attacks are socially engineered to target specific people within financial services organisations who can execute requests on the attacker's behalf.
Trend Micro's Cloud App Security tool blocked nearly nine million high-risk email threats in 2018, exposing the inadequacy of built-in email security measures.
The report analyses more than 160 billion emails sent across 150 countries in both 2017 and 2018 to identify email fraud attack trends.
As these threats continue to grow in volume and sophistication, it is imperative that organisations implement a people-centric security approach.
Phishing emails typically mimic the look and feel of an email written by someone in authority, such as a bank, or even a colleague.
Businesses can be more susceptible to phishing attacks and business email compromises (BEC) than they realise.
Scamwatch is warning Australian businesses to take an urgent look at how they deal with accounts and invoices.