A new report by email and data security company Mimecast has revealed a staggering increase in the number of Business Email Compromise (BEC) cyber-attacks. The quarterly Email Security Risk Assessment (ESRA) report, released today, found a 269% increase in the number of BEC attacks in quarter three of 2019, compared to the second quarter of the year. BEC attacks are sophisticated scams that typically target businesses working with foreign suppliers and businesses that regularly perform wire-transfer payments. Formerly known as Man-in-the-Email scams, these schemes compromise official business email accounts to conduct unauthorized funds transfers.
Read more about the new quarterly Email Security Risk Assessment (ESRA) report released today which reveals that the hackers are increasingly targeting company email accounts for malafide purposes on Infosec Magazine.