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Here’s How Cyber Attackers Compose BEC Attacks

Cyber criminals execute business email compromise attacks during business hours

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Cyber attacks on BEC
Over 90 per cent of business email compromise (BEC) cyber attacks take place on weekdays. Pixabay

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)

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Twitter Launches Privacy Centre to Spread Info About its Privacy

Twitter launches Privacy Centre to host data protection information

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Twitter
Twitter has launched a Privacy Centre which will serve as a central place to spread information about its data protection related initiatives. Pixabay

Twitter has launched a Privacy Centre which will serve as a central place to disseminate information about its privacy and data protection related initiatives, announcements, new privacy products and communication about security incidents.

“We believe companies should be accountable to the people that trust them with their personal information, and responsible not only to protect that information but to explain how they do it,” Data Protection Officer Damien Kieran and Kayvon Beykpour, Product Lead at Twitter wrote in a blog post on Monday.

Twitter privacy
Twitter Privacy Center will provide more clarity around what twitter is doing to protect the information people share online. Pixabay

“That’s why we’re launching the Twitter Privacy Center to provide more clarity around what we’re doing to protect the information people share with us,” they wrote.

Twitter said it is continuing to invest in its “Data Management Organisation” so that it can always account for the data it has, how it is used, and when it is shared.

Also Read- Amazon Brings Quantum Computing to AWS Cloud: Report

“To make sure everyone at Twitter is accountable, privacy and data protection is the heart of our 2020 company-wide priority to build products that earn the trust of people who use them,” Kieran and Beykpour wrote.

“Privacy by design is a priority with every product we build,” they added. (IANS)