Why automation is key to combating enterprise phishing
According to an August 2020 report by the Anti-Phishing Working Group, the cost of a successful business email compromise attack is increasing. This report indicates that the average wire transfer attempt between April and June 2020 was $80,183. And these attacks can cost companies far more. A Russian BEC operation has been targeting companies for an average of $1.27 million.
BEC attacks are a specific type of phishing that is becoming increasingly prevalent all while the number and diversity of phishing attacks in general continue to rise.
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