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Attackers who carry out BEC attacks conduct operations in at least 39 different countries and are responsible for annual losses of $26 billion.
IB specialists from The agari cyber intelligence Department analyzed more than 9 thousand cases of BEC attacks (business email compromise) around the world and reported that their number has increased dramatically over the past year , and fraud using social engineering has gone far beyond the borders of Nigeria.
Such attacks cost companies $26 billion annually. As the researchers found, the damage from BEC attacks currently accounts for 40% of losses from cybercrime worldwide. A Bank transfer made as part of a BEC attack averages about $80,000.
The most important aspect of any BEC attack is the role of the "money mule". These people do some work for scammers, opening Bank accounts and making money transfers. Experts have identified "money mules" in 39 countries, but most of them are located in the United States (80%) and are located near the scammers themselves.
BEC attacks (business email compromise) – fraudulent operations in which criminals try to deceive one or more employees of target organizations to transfer money to Bank accounts controlled by hackers. This type of attack is quite successful, because scammers choose people who are trusted by employees, for example, a reliable business partner or CEO of the company.
IB specialists from The agari cyber intelligence Department analyzed more than 9 thousand cases of BEC attacks (business email compromise) around the world and reported that their number has increased dramatically over the past year , and fraud using social engineering has gone far beyond the borders of Nigeria.
Such attacks cost companies $26 billion annually. As the researchers found, the damage from BEC attacks currently accounts for 40% of losses from cybercrime worldwide. A Bank transfer made as part of a BEC attack averages about $80,000.
The most important aspect of any BEC attack is the role of the "money mule". These people do some work for scammers, opening Bank accounts and making money transfers. Experts have identified "money mules" in 39 countries, but most of them are located in the United States (80%) and are located near the scammers themselves.
BEC attacks (business email compromise) – fraudulent operations in which criminals try to deceive one or more employees of target organizations to transfer money to Bank accounts controlled by hackers. This type of attack is quite successful, because scammers choose people who are trusted by employees, for example, a reliable business partner or CEO of the company.
