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June 14, 2023, 7:57 p.m. |

Cloud Security Alliance cloudsecurityalliance.org

Originally published by Abnormal Security. Written by Callie Hinman Baron. Year after year, business email compromise (BEC) remains one of the most financially devastating cybercrimes. According to the latest FBI Internet Crime Report, BEC attacks were responsible for $2.7 billion in total losses in 2022. And the average amount lost per incident was just over $125,600—a 300% increase since 2015.In these targeted and personalized attacks, threat actors impersonate an executive, colleague, or v...

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