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The threat actors extensively research their target’s responsibilities and relationship with the CEO and create spoofed email accounts that look like the real ones.
Business email compromise (BEC) attacks are a major issue and are reckoned to have accounted for over a third of all financial losses from cyberattacks in 2021.
Why aren't workers reporting malicious emails to IT?
'Opting to just delete the email without reporting it can be almost as damaging'
Abnormal Security's H1 2023 Email Threat Report reveals worrisome corporate security challenges associated with the workforce.