Preventing Business Email Compromise Requires a Human Touch

By Josh Lefkowitz

Human-powered Intelligence Plays a Critical Role in Defending Against Socially Engineered Attacks

The FBI’s Internet Crime Complaint Center (IC3) declared Business Email Compromise (BEC) the “3.1 billion dollar scam” in 2016, an amount which then grew in the span of one year into a “5 billion dollar scam.” Trend Micro now projects those losses in excess of 9 billion dollars.

It’s an understatement to say BEC scams and the resulting damages are on the rise. But with cybersecurity spending across all sectors at an all-time high, how is such an unsophisticated …read more

Via:: Security Week