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With the bad guys looking for the fastest means to get from attack to a big payout, BEC tactics are shifting tactics to adjust to organizations being better prepared.
According to new data from security vendor GreatHorn, in their 2021 Business Email Compromise Report , BEC is not just alive and well , but is changing from the traditional focus of solely using malwareless social engineering tactics.
At the end of the day, BEC is nothing more than a targeted phishing attack using very specific social engineering tactics to gain the trust of the recipient to get them to engage in some financial transaction. According to the report, 71% of orgs feel their users are prepared to identify a phishing email, and yet 43% of the very same orgs said they experienced a security incident in the last 12 months.
Sounds like an opportunity for some better continual Security Awareness Training to keep those folks in Finance, the C-Suite, and IT (as well as everyone else in the organization) up to date on the latest BEC tactics and scams.
Would your users fall for convincing phishing attacks? Take the first step now and find out before bad actors do. Plus, see how you stack up against your peers with phishing Industry Benchmarks. The Phish-prone percentage is usually higher than you expect and is great ammo to get budget.
 
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