Protect Your Business from Cyber Threats on National Email Day
KEY SNAPSHOTS:
- Consumers over 60 were hit hardest, losing nearly $3.5 billion to cybercriminals.
- Industries like construction, transportation, and finance were among the top five most vulnerable, with BEC attacks occurring at a rate of over three per 1,000 email accounts.
- IC3 reports a significant rise in internet crime complaints in 2023, resulting in $12.5 billion in losses, with BEC standing as the second-costliest crime.
- To combat these threats, businesses need advanced security solutions, like InForce Security powered by Kroll, providing comprehensive coverage and peace of mind against cyber threats.
In today’s digital landscape, email remains an essential tool for communication in both personal and professional realms. However, with its widespread use comes an increased risk of cyber threats, particularly in the form of Business Email Compromise (BEC) attacks.
As we celebrate National Email Day, it’s crucial to shed light on the growing threat of BEC and emphasize the importance of safeguarding your business against such attacks.
The FBI’s Internet Crime Complaint Center (IC3) recently shared some alarming news: in 2023, there were 80,000 more internet crime complaints compared to the previous year, totaling nearly 900,000 complaints. These crimes resulted in a staggering $12.5 billion in financial losses, up by $2.2 billion from the year before.
Among those hit the hardest were people 60 years old and older, who lost nearly $3.5 billion to cybercriminals. Business Email Compromise (BEC) was one of the most expensive types of crime, with 21,489 reported complaints leading to $2.9 billion in losses.
Industries like construction, transportation, and finance are especially vulnerable to BEC attacks, with over three attacks for every 1,000 email accounts. The way modern construction projects are organized, as highlighted by Abnormal Security, makes it easy for cybercriminals to exploit weaknesses in email systems.
While you don’t need anything complicated, in order to appropriately combat the evolving threat landscape, organizations need advanced security solutions that go beyond conventional methods, incorporating cutting-edge technologies and proactive measures to stay ahead of cyber threats.
At Alliance, we understand the critical importance of protecting your business from cyber threats. Recently, our tech support analysts stopped an attack on a client in the hospitality industry, safeguarding sensitive information and financial assets. This incident underscores the necessity of proactive security measures to mitigate risks effectively.
That’s why we’re proud to offer elite-level security through our InForce Security package, powered by Kroll. By leveraging Kroll’s expertise and industry-leading solutions, businesses can fortify their defenses against cyber threats with confidence.
Our InForce Security package provides comprehensive coverage backed by dozens of cyber insurance carriers, ensuring continuity of protection in the event of a cybersecurity incident. With Alliance and Kroll by your side, you can rest assured that your business is equipped to withstand even the most sophisticated cyber-attacks.
As we observe National Email Day, take the proactive step to safeguard your business with our InForce Security, powered by Kroll package. Click here to take the first step towards securing your business against cyber threats.
