Security News > 2020 > October > Business Email Compromise attacks are on the rise
The Business Email Compromise is a particular type of phishing attack in which cybercriminals impersonate a trusted contact or other party, either internal or external.
During the third quarter of 2020, the median number of BEC attacks received per company each week rose by 15% from the second quarter, according to the report.
Among these, attacks that employed invoice or payment fraud jumped by 155%, making it the most pervasive type of BEC tactic.
The number actually dropped in the Retail/Consumer Goods and Manufacturing and Technology sectors, but these two still tied for the highest volume of BEC attacks during the quarter.
Looking at the fourth quarter, Abnormal Security expects BEC to continue to grow as cybercriminals become more effective at thwarting secure email gateways.