Security News > 2020 > June > 200% increase in invoice and payment fraud BEC attacks

There has been a 200 percent increase in BEC attacks focused on invoice or payment fraud from April to May 2020, according to Abnormal Security.

According to the report, invoice and payment fraud attacks increased more than 75 percent in the first three months of 2020.

A 200% increase in the average rate of invoice and payment fraud BEC attacks each week.

Out of all types of BEC attacks, invoice and payment fraud BEC attacks are increasing in popularity.

In April, these types of attacks comprised 14% of all BEC attacks, increasing to 17% in May. "While all business email compromise attacks can lead to significant financial loss, those focused on invoice and payment fraud can have an even greater financial impact," said Evan Reiser, CEO and co-founder, Abnormal Security.

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