Online security firm Kaspersky reports that its cybersecurity experts are increasingly observing BEC (Business Email Compromise) attacks online.
Between May and July 2021, Kaspersky says that its security products prevented more than 9,500 BEC attacks globally, including those against businesses in air transportation, industry, retail, IT, and delivery.
Such attacks demand significant time and resources, and preparation for them may last from a few weeks to several months. One successful attack may lead to damage worth many millions for a company.
During a BEC attack, fraudsters usually initiate an email exchange with a company employee in order to gain their trust and encourage actions that are detrimental to the interest of the company or its clients. Continue reading