Security alert: Business Email Compromise attacks are surging • Blisstech Solutions

Email has become an essential tool for any successful business, but as the saying goes, “with great power comes great responsibility”.

As a business owner, it’s your responsibility to make sure your emails are secure. It’s one of the key ways to stop your business data falling into the wrong hands.

Business Email Compromise (or BEC) is a growing threat. And if you become a target, it could cost you – big time.

So, what exactly is a Business Email Compromise attack?

In simple terms, it’s where scammers pose as people high up in the business, like CEOs, executives, and IT staff. The goal is to trick your employees into sharing sensitive information or sending money. Research shows that nearly 90% of BEC attacks are set up this way.

It’s easy to see how someone might quickly respond without a second thought, especially when they trust the sender.

BEC attacks have spiked dramatically this year, especially over the third quarter. Researchers have analysed 1.8 billion emails worldwide, discovering a shocking 208 million malicious emails among them. And of these malicious emails, more than half (58%) were BEC attempts.

The figures make it clear: BEC scams are now the biggest email threat to businesses.

Another thing worth noting? Most BEC scams target employees lower in the business, who might be less likely to question authority or be less aware of cyber threats.

Although BEC attacks are common, it’s also important to remember that scammers still use other methods too. This includes commercial spam and phishing attacks, which are designed to trick people into sharing personal information, like login details.

In fact, the combined effect of these types of scams now overshadows traditional ransomware and malware attacks.

Luckily, it isn’t complicated or expensive to protect your business.

Make sure that all members of your team are trained to think twice about every email they receive.

If an email asks for sensitive information or a financial transaction – especially if it feels urgent – your employees should know to stop and check with someone before they action anything.

If you need help making sure your business is secure, get in touch.

More Content

Beware that corrupted email attachment: It could be a scam

Beware that corrupted email attachment: It could be a scam

Cyber criminals get more creative every day. The latest scam designed to steal your business data uses corrupted Word files – and getting fooled is easier than you might think…

A woman on a laptop with a shield and lock on the screen

7 ways to secure small business IT

It is hard enough running a business without having to worry about how to ensure your computer systems and data are secure from bad guys.  To help you out, we have put together a list of the top 7 things that you should do to secure your small business IT systems. 1....

Tech Tip: How to managed Focused and Junk email in Outlook

Welcome to a new Tuesday Two Minute Tech Tip that will help you to manage what you see in your Inbox. Are you wondering where your emails have gone? Is something you expect to see in your Inbox not arriving anymore? This video will show you how to:    👉...

IT Managed Services for HR and Recruitment

Technology has significantly impacted businesses involved with human resources, changing how HR and recruitment organisations and professionals operate. Technology has automated many administrative tasks, has made it easier for HR and recruitment professionals to...

Windows 11 optional update: Why it’s better to wait  

Microsoft has just announced an option for people to trial new features before their general release in Windows 11.  This isn’t about fixes to security flaws – everyone gets those at the same time.   This is an opportunity for businesses to jump the queue to receive new features and updates first.  Sound exciting?   Yes!   Worth the risk?   Not quite.  Our …
Read More

What to do when disaster strikes: Creating an Incident Response Plan

Your business has firewalls, the latest security software, multi-factor authentication, and, of course, uncrackable passwords. You may even have Cyber Essentials—high five. But… It’s still not enough to protect you from 100% of cyber attacks. Completely watertight...

Tech Tip: How to get the most out of Google searches

Hello everyone! Today's Tuesday Two Minute Tech-tip shows you how to get the best out of your Google searches. Google search is arguably the best in the world and gives us the internet at our fingertips, but it can be hard to find what you are looking for. This tip...

Your need-to-know guide to cloud security

Cloud computing is no longer new technology, it is everywhere and has completely changed how we work. However, just because you are using someone else systems in the cloud, it does not imply that it is automatically secure. There is a saying in the cloud security...

Tech Tip: How to align in objects in Microsoft PowerPoint

In today's Tuesday's Two Minute Tech Tip Matt shows you how to align objects in PowerPoint. It can be a pain when trying to align things manually in PowerPoint, but there is a handy little feature that makes this easy. This video will show you how to: 👉 How to quickly...

Tech Tip: The Power of Microsoft To Do

Hello everyone and welcome to a new Tuesday Two Minute Tech Tip.    👉 Do you want to get more organised?    👉 Do you wish you could see all of the things that you need to remember all in one place?    👉 Do you need a tool...
Share This
Contact
Love Lane
Cleobury Mortimer
Shropshire DY14 8PE

01299 382 321
[email protected]
Copyright © 2024 Blisstech Solution Ltd
Registered No: 08125391 VAT No : 307 5490 05