Under fire
Fraudsters are targeting organisations with ever more precise and sophisticated attacks, according to a new report from Abnormal Security. The second quarter of 2020 saw a surge in the number of Business Email Compromise (BEC) attempts, with a particular focus on employees in finance departments. The growth in payment and invoice fraud accelerated, with attacks increasing 112% over the first quarter of the year (compared to a 75% rise on the previous quarter). Zoom replaced American Express as the number one impersonated brand in email attacks, followed by Amazon and DHL. "Cybercriminals are moving at the same pace of our changing world – leveraging workplace upheaval and exploiting businesses’ weakest links – such as vendor and partner relationships," the report warns. Now more than ever, it's vital to have cast-iron processes in place to protect against these attacks.