Email compromise attacks are on the increase as tactics shift

Business email compromise (BEC) attacks have increased in six out of eight industries according to a new report from Abnormal Security. The overall volume of BEC attacks increased 15 percent from Q2 to Q3, but the energy industry experienced a massive 93 percent rise. Meanwhile the retail/consumer goods and manufacturing sector has seen a trend of decreasing social engineering BEC attacks and increasing invoice and payment fraud BEC attacks. Interestingly attackers have shifted their focus from finance employees to group mailboxes, with attacks sent to group mailboxes increasing 212 percent from Q2 to Q3. Invoice and payment fraud that seeks… [Continue Reading]