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.  

Relevant URL(s): https://www.darkreading.com/vulnerabilities---threats/bec-attacks-to-exceed-$9b-in-2018-trend-micro/d/d-id/1330853