Security News > 2021 > June > How a Business Email Compromise attack can threaten your organization
Email is one of the most popular tools exploited by cybercriminals to launch attacks against organizations.
One particular tactic favored by criminals is the Business Email Compromise in which the scammer spoofs a trusted contact to defraud a company out of money.
Released on Tuesday, "The 2021 Business Email Compromise Report" from security provider GreatHorn looks at the latest in BEC campaigns.
Based on a May 2021 online survey of 270 IT and cybersecurity pros in the U.S., the report reveals some of the trends, challenges and gaps involved in fighting BEC attacks and related email threats.
Asked about the most common types of BEC attacks they've seen, 71% of the respondents pointed to those that spoof email accounts or websites.
Some 65% of the respondents said their organization was hit by this type of attack in 2021, while more than half said that spear phishing has increased over the past 12 months.