Monday, January 18, 2021

Business Email Compromise attacks still on the rise – Report

-

The latest Email Security Risk Assessment (ESRA) from Mimecast (MIME) has found that there is a significant increase in Business Email Compromise (BEC) attacks.

Moreover, emails containing dangerous file types, malware attachments, and spam being delivered to users’ inboxes from incumbent email security systems, are also big concerns for businesses.

The latest ESRA found a 269% increase in BEC attacks, in comparison to the same findings in last quarter’s report. This trend was reflected in recent research, the State of Email Security 2019 report, which found that 85% of the 1,025 global respondents experienced an impersonation attack in 2018, with 73% of those victims having experienced a direct business impact – like financial, data, or customer loss.

BEC attacks are not the only method cybercriminals have been successfully leveraging to target organisations. The ESRA report found 28,783,892 spam emails, 28,808 malware attachments and 28,726 dangerous files types were all missed by incumbent providers and delivered to users’ inboxes, an overall false negative rate of 11% of inspected emails.

The results from the report demonstrate the need for the entire industry to continue to work toward a higher standard of email security. Mimecast produces quarterly ESRA reports to offer organisations insights on the rise of new types of email-borne threats and key trends in malicious email campaigns.

- Advertisement -
- Advertisement -
Advertisement

Must Read

Samsung Electronics Co. heir Jay Y. Lee was sentenced to 30 months in prison over bribery charges, a dramatic setback for the world’s biggest...
Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations...
European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.” “For those...
Consumers should be prepared to lose all their money if they invest in schemes promising high returns from digital currencies such as bitcoin, a City...
The Trump administration on Monday slapped sanctions on seven Kremlin-linked individuals and four entities for attempting to interfere in the 2020 U.S. presidential election. The...
Advertisement

Latest News

Samsung Electronics Co. heir Jay Y. Lee was sentenced to 30 months in prison over bribery charges, a dramatic setback for the world’s biggest...
A Connecticut man has been charged with defrauding investors in an alcoholic beverage company and diverting hundreds of thousands of dollars for his personal...
The prosecution case against three NCAA insiders who bribed families of college basketball players was a slam dunk, a federal appeals court in New...
The Serious Fraud Office today dropped its investigation into allegations of bribery at British American Tobacco’s East African operations but said it would continue...
A former government contractor was sentenced today for his role in a bribery and kickback scheme where he paid bribes to secure U.S. Army...
Advertisement
Advertisement
Enable Notifications    OK No thanks