From the Fall 2021 Issue

The Most Financially Devastating Form of Cyber-Attacks Can be Thwarted for Free

A.J. Nash
Vice President of Intelligence | ZeroFOX

As ransomware continues to grab most of the headlines in cybersecurity, it’s easy to lose track of the much larger threat of Business Email Compromise (BEC). According to the FBI’s 2020 Internet Crime Report, the Internet Crime Complaint Center (IC3) received 2,474 complaints of ransomware that resulted in $29.1M in financial loss.[1] While it is safe to assume these numbers underestimate the overall cost of ransomware – considering they only focus on U.S. domestic concerns and do not include cases that went unreported – the volume . . .

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