Global cybersecurity provider VIPRE Security Group has published its Q3 2024 Email Threat Trends Report, revealing an alarming rise in business email compromise (BEC) and highlighting the evolving techniques cyber criminals are using to deceive employees and breach corporate security.
According to VIPRE’s analysis of 1.8 billion global emails, 208 million were flagged as malicious, with BEC scams making up 58% of phishing attempts.
VIPRE noted that 89% of these attacks used impersonation, often of senior executives or IT personnel, in an attempt to exploit employees’ trust in authority figures.
The manufacturing sector experienced a notable 8% spike in BEC attacks this quarter, increasing from 2% in Q1 to 10% in Q3.
The report attributes this surge partly to the industry’s extensive use of mobile devices for remote sign-ins, which can leave employees more vulnerable to attacks.
Email threats during the quarter were predominantly scams (34%), commercial spam (30%), and phishing (20%), overshadowing ransomware and malware, which together made up less than 20% of email-based attacks.
Despite their lower prevalence, ransomware and malware remain a significant concern in the cybersecurity industry.
To evade detection by modern security measures, cybercriminals have started disguising malicious attachments as voicemails or essential security updates. Microsoft PDF and .DOCX files w
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