The risk of business email compromise (BEC) is increasing annually and is estimated to be twice as severe as the overall threat of phishing, according to an Osterman Research/IronScales survey of 249 U.S.-based IT and security professionals.
In the past 12 months, more than 93% of organizations encountered one or multiple forms of BEC attacks, while 62% were targeted by three or more variants during that time period.
The survey revealed that among the most prevalent forms of BEC attacks are fraudulent invoicing, data theft and account takeover (ATO).