Monday, October 26, 2020
Home Lead Story Here's How Cyber Attackers Compose BEC Attacks

Here’s How Cyber Attackers Compose BEC Attacks

Cyber criminals execute business email compromise attacks during business hours

Over 90 per cent of business email compromise (BEC) attacks take place on weekdays, with many being sent during typical business hours for the targeted organisation to make them more convincing, says a new study.

The research by US-based cyber security firm Barracuda Networks showed that 85 per cent of business email compromise attacks are urgent requests designed to get a fast response.

The average BEC attack targets no more than six employees, and 94.5 per cent of all attacks target less than 25 people, titled “Spear Phishing: Top Threats and Trends Vol. 3”.

“Attackers continue to find new ways to make business email compromise attacks more convincing, ultimately making them more costly and damaging to businesses,” Don MacLennan, Senior Vice President, Email Protection, Engineering and Product Management, Barracuda, said in a statement.

Cyber crime
The average BEC cyber attack targets no more than six employees. Pixabay

“Taking the proper precautions and staying informed about the tactics cybercriminals are using will help organisations defend themselves more effectively against these highly targeted attacks,” MacLennan said.

The report noted that business email compromise makes up a small percentage of spear-phishing attacks, but it has cost businesses more than $26 billion in the past four years, according to the Federal Bureau of Investigation (FBI) in the US.

Also Read- OnePlus Notifies People About Data Breach

Business email compromise attacks have high click-thru rates. One in 10 spear-phishing emails successfully tricks a user into clicking. That number triples for BEC attacks that impersonate someone within the organisation.

In the past 12 months, the average amount lost per organisation due to spear-phishing attacks was $270,000, said the report. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,779FollowersFollow

Most Popular

Here are Some Curated Gifts for the Festive Season

The onset of festive season sets in place an atmosphere bustling with joy, togetherness, lights and of course, gifts. It is undoubtedly the most...

Supplement without Testing Vitamin D and B12 Can Be Harmful

A blood test can determine whether you are deficient in any vitamins or not. Many people self-medicate or take dietary supplements for vitamin deficiencies....

COVID Interventions Can Reduce Infection Rates: Study

Non-pharmaceutical interventions such as voluntary shelter-in-place, quarantines, and other steps taken to control the novel coronavirus can reduce the peak number of infections, daily...

Few Steroids Boost Survival of Premature Babies in India: WHO

Antenatal steroids such as dexamethasone, used to treat many conditions, including rheumatic problems and severe COVID-19, can boost the survival of premature babies when...

Enterprises to Put Artificial Intelligence to New Frontiers in 2021

In 2021, one in four forward-thinking enterprises will push Artificial Intelligence to new frontiers, such as holographic meetings for remote work and on-demand personalised...

A Temple in Kanpur Worships Ravan on Dusshera

Even as the rest of India prepares to burn effigies of Ravan as a symbolic victory of good over evil, devotees are quietly lining...

Researchers Discover New Mechanism Causing Alzheimer’s Disease

Japanese researchers have discovered a new mechanism by which clumps of tau protein -- found in brain cells -- are created in the brain,...

New Model Predicts Risks of Developing Irregular Heartbeat

A new model that uses machine learning, which is a type of artificial intelligence, may help predict which patients with kidney disease are at...

Recent Comments