<ul data-eligibleForWebStory="false"><li>Business email compromise attacks have become a significant threat, costing over $2.7 billion in losses globally, with cybercriminals impersonating trusted colleagues and authority figures to breach corporate defenses.</li><li>Sophisticated hackers invest time researching targets, creating convincing impersonations using insider knowledge. They use look-alike domains, request credentials, sensitive data, or wire transfers, aiming for significant monetary gain.</li><li>The most advanced attacks involve infiltrating corporate email systems, monitoring communications to strike opportunistically. There is a risk of facilitating ransomware attacks, spreading malware, and deploying supply chain attacks.</li><li>Defense against such attacks requires employee education, robust verification procedures for financial transactions, proactive monitoring of the dark web, and immediate actions like enforcing multi-factor authentication for compromised accounts.</li></ul>

The cybercrime that tricks even security-savvy workers

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