Despite only accounting for 7% of spear-phishing campaigns, BEC attacks have caused over £20 billion in losses in the last 4 years.
The third instalment of Barracuda's Spear Phishing: Top Threats and Trends series takes a deep dive into the highly targeted threat of Business Email Compromise attacks.
Also known as CEO Fraud, Whaling, and wire-transfer fraud, Business Email Compromise attacks impersonate an employee, partner, vendor, or another trusted contact of the target, requesting a wire transfer or personally identifiable information.
The report highlights three key tactics used within BEC campaigns, examples of real attacks, and best practices for protecting against the threat.
Haven't read the previous two reports? You can find them below: