The latest quarterly threat report from Abnormal Security shows that increasingly sophisticated and novel socially engineered email attacks that bypass legacy defenses are driving 50 percent higher engagement than traditional email attacks such as credential phishing. The report also shows that between the first week of July 2020 and the first week of April 2021, the percentage of companies across industries getting hit with vendor email compromise (VEC) attacks increased nearly 120 percent. According to the FBI's figures socially engineered email attacks were responsible for more than $2.1 billion in lost revenue last year, by far the most of any… [Continue Reading]
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