Shifting Threats Push Businesses To Rethink Security Priorities

THREAT REPORT REVEALS SIGNIFICANT INCREASE IN PHISHING, CRYPTOCURRENCY MINING AND BEC ATTACKS

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Cyber-attacks that capitalise on the human desire to respond to urgent requests from authority are on the rise, such as Business Email Compromise (BEC) and phishing, with phishing URL detections having increased an incredible 269 percent compared to 2017, Trend Micro reported.

Another shift in attacks that businesses should be aware of is the rapid growth of cryptocurrency mining, which increased 237 percent in the same time.

The number of BEC attacks in 2018 increased by 28 percent. While these attacks are less frequent than phishing attacks, they are more sophisticated and take more careful planning for cybercriminals and they yield an average of $132,000 per attack.