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Business email compromise attack costs far exceeding ransomware losses | #ransomware | #cybercrime

Security experts have issued a warning over the continued threat of business email compromise (BEC) attacks amid a flurry of incidents over the past year. 

Cloudflare’s 2023 Phishing Threats Report recorded a 17% spike in BEC-related financial losses between December 2021 and 2022, noting that threat actors are increasingly leaning on this attack method to target organizations. 

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