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Business email compromise attacks are now considered one of the biggest threats facing companies today. According to Gartner, BEC attacks are expected to double each year to over $5 billion and lead to large financial losses for enterprises by 2023.
Although relatively low-tech and simple to execute, these sophisticated scams not only cause crippling financial losses but also impact relationships, organisational reputation and stakeholder trust.
To help organisations protect against business email compromise, we believe, Gartner has produced a detailed report that outlines how security and risk management leaders can combat BEC attacks and also minimise the risk to their suppliers and customers.
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GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved. Gartner [Protecting Against Business Email Compromise Phishing], [Mark Harris, Ravisha Chugh, Ant Allan], [19 October 2020]