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Business Email Compromise (BEC) Incurs $50 Billion in Global Losses On the back of sophisticated targeting and social engineering, business email compromise (BEC) has cost businesses worldwide more than $50 billion over the past ten years. According to the FBI’s Internet Crime Complaint Center (IC3) 2022 report on BEC, global businesses lost approximately $51 billion…
Save Time on Network Security With This Guide: Perimeter 81’s Network Security Platform As cyber attacks become more commonplace, individuals, businesses, and financial institutions must invest in a secure network infrastructure. But with the ever-increasing cyber threats and evolving tactics, IT managers are faced with the daunting task of keeping their systems secure while minimizing…
An Israel-Based Threat Group Carries Out Sophisticated Business Email Compromise Campaigns A new report from Abnormal Security, a US-based cybersecurity firm, highlights the growing prevalence, geographic expansion, and sophistication of Business Email Compromise (BEC) attacks, with an Israel-based group found to be targeting primarily large and multinational enterprises. The group has conducted over 350 BEC…