BEC Attacks to Exceed $9B in 2018: Trend Micro

Business email compromise is projected to skyrocket as attackers adopt sophisticated techniques to dupe their victims.

Business email compromise (BEC) attacks are projected to exceed $9 billion in 2018. To put that number in context, it has been less than a year since the FBI reported BEC attacks had become a $5.3 billion industry. Attacks have become more sophisticated as hackers improve their game.

BEC has grown among threat actors due to “its relative simplicity,” according to a new Trend Micro report “Tracking Trends in Business Email Compromise (BEC) Schemes.” Researchers analyzed BEC as a cybercriminal operation from January through September 2017, dissecting tools and strategies commonly used in these attacks to predict activity for this year.

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