Guides & Opinions
Business email compromise (BEC) attacks are among the fastest growing and most concerning cybercrimes against organizations according to a new report by Osterman Research. According to the Report, “many organizations are ill-prepared to address the threat of BEC and lack sufficient protections across people, process, and technology factors.” Also cited in the report is a startling finding that 80% of organizations have experienced BEC attacks over the last year. In the United States alone, almost 20,000 BEC attacks were reported to the FBI in 2020 with a cumulative loss of $1.8 billion.
BEC attacks are a specific type of “phishing” attack that relies on targeting specific people within organizations. Attackers seek monetary payment as a direct outcome, and types of BEC attacks include (but are not limited to) diverting payment on a valid invoice to a fraudulent bank account, submitting a fake invoice for payment, diverting employee payroll to a fraudulent bank account, and using impersonation of senior executives to lend credibility to plausible but irregular requests. Osterman predicts that threat actors are likely to step up the frequency and cost of BEC attacks in the coming year, and they note that employees at all levels of an organization are targeted by BEC attacks.
“Today’s email security needs to be humanized, and RPost’s latest RMail e-security services that run inside Microsoft Outlook do just that. Their triple play with AI-triggered encryption and wire fraud protection, in-the-flow email security user training, and their suite of anti-whaling BEC protections (recipient verification, domain age, impostor alerts, Double Blind CC™, and Disappearing Ink™) add essential layers critical to not only protect externally facing business executives and their organizations but also those newfound [human] targets in HR and finance teams. Traditional email security plus RMail for Outlook is a winning combination,” states Michael Sampson, Senior Analyst at Osterman Research, one of the world’s leading e-security and messaging technology analysts.
At RPost, we simply can’t afford to make you enter a support queue. Or upcharge for each
feature. Or not be the most affordable. Or not continuously innovate so that we can
always be the most feature-rich
while easy to use. We can’t be anything less than the best e-sign and e-security product
with the best people and service to support you.
Obviously, the thing we try
hardest at is just to be there for you. To start you out right with new services that are
easy to use, work well and have the features you need now (and will need in the future). We
will give you the training and attention your team needs from a support staff that makes us
proud every day.
Why do we do this? Because we’ve learned over the last 20 years
in this business that our customers are counting on us every day. Because we live and
breathe security and process optimization. Because we can’t afford to take you for granted.
We try harder to ensure your success.
