Earlier this year, we released our first Quarterly Business Email Compromise (BEC) Report for Q1 2020. Since then, we’ve continued to monitor trends in how attackers use email to target enterprises and organizations, helping us better understand how and why these attacks happen. Today, we’ve released our Q2 2020 BEC Report, which highlights the continuation of COVID-19-related attacks, growing BEC attack volumes, the acceleration of payment and invoice fraud and important shifts in pandemic-influenced brand impersonations.
What we’ve learned is that cybercriminals are moving at the same pace of our changing world – leveraging workplace upheaval and exploiting businesses’ weakest links – such as vendor and partner relationships. This has led to increased BEC attacks that are more sophisticated and targeted than any we’ve seen previously. Here are some of our major findings:
We’ll continue to keep an eye on these quarterly trends, and expect that in Q3 we’ll see a downward trend in COVID-19-related attacks and an increase in election-themed attacks, along with the continued rise in BEC, which we know is the most expensive and damaging form of email security attacks. To learn more about how your organization can protect against BEC, contact us for a free demo of how Abnormal can help. For a free copy of the Q2 BEC Report, click here.
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