Guido van Nispen’s Post

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Co-founder & CEO Insiber.com

Beware of Business Email Compromise (BEC): The Silent Cyber Threat As always, Insiber.com, as trusted source for the latest reports on cyber incidents, shares insights on the dangers and solutions. Today we share the report by Guy Carpenter & Marsh on Business Email Compromise (BEC) BEC is not just another cyber threat, it's a major one that demands our immediate attention. Often overshadowed by more publicized attacks like ransomware, here's what you need to know: 🔹 Financial Impact: Since 2013, BEC has caused over $17.3 billion in reported losses in the US alone. 🔹 Tactics: BEC relies on sophisticated phishing, social engineering, and impersonation, targeting human vulnerabilities. 🔹 Broad Reach: It affects companies of all sizes and industries. Data has shown that smaller-revenue companies, like SMEs, are far more likely to lose a more significant percentage of their revenue in a BEC event than a large-revenue company could expect. 🔹 Prevention: Key defenses include Multi-Factor Authentication (MFA), employee cybersecurity training, and robust email filtering. All these requirements (and more) can be managed through the Insiber.com platform. Stay informed, secure your business, and educate your team. Remember, prevention is not just a strategy, it's the best defense against BEC. Thanks for sharing Gregory Van den Top Read the full report here https://lnkd.in/g6k7hyux #CyberSecurity #BEC #BusinessEmailCompromise #RiskManagement #CyberThreats #CyberAwareness #MarshMcLennan #GuyCarpenter

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Daniël Luthra

Email Security | AI & Development

6mo

Great report. Thanks for sharing!

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