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What makes small and medium-sized businesses vulnerable to BEC attacks

25
Jan
2023
What makes small and medium-sized businesses vulnerable to BEC attacks

image credit: pxhere

According to the FBI’s 2021 Internet Crime Report, business email compromise (BEC) accounted for almost a third of the country’s $6.9 billion in cyber losses that year – around $2.4 billion. In surprisingly sharp contrast, ransomware attacks accounted for only $50 million of those losses.

In this Help Net Security video, Dror Liwer, Co-Founder of Coro, talks about what makes small and medium-sized businesses especially vulnerable to this form of attack and why BEC’s contribution to the country’s annual cyber losses not only makes sense but is likely underreported.

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