Criminals impersonate legitimate email accounts to initiate wire transfer fraud. Security researchers have uncovered an active Business Email Compromise (BEC) campaign targeting Accounts Payable personnel at Fortune 500.
96 percent of organisations were targeted by Business Email Compromise (BEC) attacks in the second half of 2017, primarily because such attacks did not include malicious payloads or attachments.
Offence-in-depth approach likely to fight cyber-criminals exploiting the BEC/BES amid increasing attacks from west Africa, says research.
According to Trend Micro, incidents of cyber-crime have more than doubled on the continent, and investigators often experience 'road blocks' when bringing criminals to justice.