Predictive, AI-based email security is proving to be remarkably effective at protecting against today's most advanced business email compromise (BEC) scams, phishing attacks, and other rapidly evolving email threats. But only when it's done right.
DMARC adoption rose a tepid 1% in the first quarter of the year, with the rate of growth slowing compared to the last three months of 2018, according to our latest report on email security trends. That said, nearly 90% of Fortune 500 businesses remain unprotected against email-based impersonation attacks targeting their customers, partners, and other businesses. But Australian companies lead their peers around the world in putting the public at risk.
You likely have a fraudulent email from a business email compromise (BEC) scammer sitting in your inbox, and you may not realize it. However, recent research from the Agari Cyber Intelligence Division (ACID) has shown that these advanced phishing attacks increasingly possess a handful of commonalities, making them easier to spot—which is good news considering their popularity.
Historically, business email compromise (BEC) threat actors have used wire transfers as a means to steal money from businesses. Impersonating a trusted contact, usually a company executive, a scammer requests that a fictitious vendor get paid by sending money to a bank account controlled by the scammer or an associate.
A federal sting operation dubbed "Operation Gold Phish" has led to the arrest of nine people accused of bilking at least 18 victims out of $2 million through socially-engineered romance scams over the last two years.
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'Operation WireWire' disrupted $14 million in scams—but as business email compromise spikes, innovative approaches to cybersecurity gain new urgency
From 'Search & Destroy' to Granular Analysis and Beyond: New Machine Learning Tools Enhance Detection, Visualization & Remediation Against a Growing Threat