Top ME firms ‘leaving customers at risk of email fraud’
DUBAI, 20 days ago Sixty-nine percent of the Forbes Top 100 Middle East Companies have a Domain-based Message Authentication, Reporting & Conformance (DMARC) record in place, meaning that 31% of them are leaving customers at risk of email fraud, a report said. Sixty-nine percent of the Forbes Top 100 Middle East Companies have a Domain-based Message Authentication, Reporting & Conformance (DMARC) record in place, meaning that almost a third (31%) of them are leaving customers at risk of email fraud, a report said. The lack of a DMARC record makes companies potentially more susceptible to cybercriminals spoofing their identity and increasing the risk of email fraud targeting their customers, added the report by Proofpoint, a leading next-generation cybersecurity and compliance company and Help AG, the cybersecurity arm of Etisalat Digital.
Middle East businesses still vulnerable to email frauds: Proofpoint-Help AG survey gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
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Share this item with your network: By Published: 12 Mar 2021
Malicious emails are an increasing challenge faced by organisations all over the world. According to research from US telecoms giant Verizon, email was the primary delivery method for 94% of malware in 2019, while statistics from UK-based software firm Egress found that 83% of organisations have been affected by email data breaches.
Customers of top oil & gas firms ‘open to email fraud’
DUBAI, February 1, 2021 Only 25 of the top 50 oil & gas companies that have operations in the Middle East have a Domain-based Message Authentication, Reporting & Conformance (DMARC) record in place, leaving customers at risk of email fraud, a report said. The lack of a DMARC record makes companies potentially more susceptible to cybercriminals spoofing their identity and increasing the risk of email fraud targeting their customers, said the report from Proofpoint, a leading cyber security and compliance company. Perhaps more worryingly, only 5 out of 50 (10%) oil and gas companies have ‘reject’ in place, which means a whopping 90% are not proactively blocking fraudulent emails from reaching customers. Reject is the strictest and recommended level of DMARC protection, a setting and policy that actually blocks fraudulent emails from reaching their intended target.