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T
oday’s email attacks have evolved.
Unfortunately, most security tools haven’t
evolved with them. Attackers are moving and
adapting faster than most cyberdefences. They’re
bypassing security tools with new techniques and
delivery methods. And some are avoiding legacy
controls altogether through novel attacks that don’t
use malware at all. Partner spoofing attacks, where a fraudster pretends to
be an organisation’s trusted vendor, are also growing.
Email fraud, sometimes called business email
compromise (BEC), is one of them. Cybercriminals
can easily spoof executives and business partners
to trick people into sending money and other
valuable information. These attacks are sophisticated and highly targeted.
They exploit people, not technology. And stopping
them requires a new people-centred approach.
This growing threat has cost victims more than $5.3
billion since the FBI began tracking it in late 2013.
The average attack nets about $130,000.
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In just one example, a Lithuanian man has been
accused of stealing more than $100 million in
separate attacks on Google and Facebook in July
2017. The man allegedly spoofed a vendor in the
companies’ supply chains.
Proofpoint Advanced Email Security uses a
multilayered defence to stop unsafe email from
reaching people’s inboxes – and keep sensitive
information in your environment when something
goes wrong. n
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