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

Less than a year ago, the FBI reported that business email compromise (BEC) attacks were a $5.3 billion industry; however, Trend Micro now projects that BEC attacks will exceed $9 billion 2018.  In BEC attacks, crooks typically leverage social engineering, or they try to steal email login credentials through phishing emails or malware.  End-user awareness training is critical to prevent these types of attacks, and significant transactions should always require dual-approval and verbal verification from the requester.  

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