2,742,354,049
That’s $2,742,354,049 lost to Business Email Compromise in the US in 2022
That number is eight times the population of the United States. If you stacked that number of dollar bills like a giant deck of cards and laid them horizontally, it would take you more than a day to drive that distance.
Unless you’re aware of the continually evolving cyber-threats, how can you make the most informed decisions about how to protect your organization?
As Bryley partner Barracuda describes them, Business Email Compromise (BEC) attacks are audacious. The over 2.7-billion-dollar losses suffered via BEC far outstrip the money lost to ransomware – in 2022 there were $34 million dollars in reported ransomware payouts. And to pull off a BEC attack takes a lot more know-how and investment than ransomware does – Ransomware-as-a-Service can be found cheap – it’s like subscribing to a cloud service – on the dark web. BEC actors are stealthy, manipulative and tend to go big, to make it much harder for employees to suspect them … [5 min. read]