Attacks surging on business email, finds report

Incidents of business email compromise — or BEC — doubled last year, according to a new report from SecureWorks. The FBI said BEC attacks cost companies $2.7 billion in 2022, an amount that understates the damage because not every organization reports cyberattacks. Other research shows that a typical company now receives 30 to 40 BEC messages every day, and employees open 28% of the BEC email in their inbox.

The majority of attacks are launched in phishing emails sent to employees. Many are genuine-looking emails purporting to be from company executives or payroll administrators.

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