Tags: ransomware social engineering phishing malware cyber attack threat vector email security business email compromise endpoint security detection and response cloud storage cloud backup ransomware business email compromise In this article, Cyber Security Hub explores how cyber attackers use threat vectors like phishing, social engineering and ransomware to enact business email compromise (BEC). Cybercrime is an ever-growing issue across virtually every industry. Expected to have a global cost as much as US$10trn by 2025 , companies must fight to combat malicious actors seeking to gain from cyber attacks against them. Threat actors increasingly use multiple threat vectors during attacks to overwhelm companies and make it easier for them to gain access to their network. This is makes it more important than ever to safeguard the most common vehicle for an initial breach point – email. The majority of hacking groups (65 percent) utilize email-based spear phishing campaigns as their primary attack vector. This cyber attack method targets specific individuals within an organization with the goal of compromising their credentials and using their privileged access to gain further control of a business’ network or steal information that only certain employees have access too. These campaigns can have a devastating impact, […]
