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

Cyber attacks are getting bigger and smarter. Are you vulnerable?

Recently, the biggest ever DDoS attack was reportedly blocked. Worse still, more businesses are being targeted with criminals demanding huge ransoms

That long password isn’t keeping you better protected

Even passwords of 15 characters can be cracked by cyber criminals. Our latest tech update explains what to do instead

SHOCK STAT: A third of business owners don’t trust their staff

SHOCK STAT: A third of business owners don’t trust their staff

Do you trust your employees with sensitive business data? You might be shocked to learn how many business owners don’t. But why… ? We have the answers.

Can your business go green by switching to the cloud?

Cloud computing has quickly become a popular option for businesses that want to streamline their operations, reduce costs, and become more flexible. But are you swayed by the idea that cloud services are automatically better for the environment? Could the need to do your bit ‘cloud’ your decision-making? Sorry. Bad pun. It’s true that cloud services have environmental benefits compared …
Read More

Is Wi-Fi 7 worth the investment?

Is Wi-Fi 7 worth the investment?

Is upgrading to Wi-Fi 7 the right investment for your business? We look at the pros and cons of the next-gen wireless connection.

Is your security focusing on the right things?

A new study shows that only a third of businesses place detection as their main priority, while two thirds say prevention is their primary focus.

Here’s what’s in store for the last ever Windows ‘Moments’ update

Here’s what’s in store for the last ever Windows ‘Moments’ update

Microsoft will start to roll out its last Windows 11 ‘Moments’ update in a few weeks. After that it’s back to annual updates. We have all the details of the ‘Moments 5’ features you won’t want to miss. .

Tech Tip: How to use Windows shortcut keys

Good morning everyone and welcome to your Tuesday Two Minute Tech Tip. 👉 Tired of dragging the mouse around the screen to access the things you use all of the time? 👉 Want to hear about some handy shortcuts Windows that you never know existed? Today's tip will help...

Point-to-point WiFi – How to extend your network across buildings without cables

No wires?  No problem!  Point-to-point Wireless Revolutionises Connectivity for Every Business In today's fast-paced digital world, having a reliable and extensive network is crucial for the success of any business. However, the physical limitations of laying down...

Tech Tip: How to create private Teams and channels

Welcome to a new Tuesday tech tip video. This one shows you how to create private Teams and channels in Microsoft Teams. Microsoft Teams is a powerful tool for collaboration, but how do you limit access to what people can see? The answer: Private Teams and private...
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