• Menu
  • Skip to main content
  • Skip to primary sidebar

The Cyber Security News

Latest Cyber Security News

Header Right

  • Latest News
  • Vulnerabilities
  • Cloud Services
Cyber Security News

Conversation Hijacking Soars 270% to Enable BEC

You are here: Home / General Cyber Security News / Conversation Hijacking Soars 270% to Enable BEC
March 17, 2022

Discussion hijacking attacks, which are normally a precursor to small business email compromise (BEC), grew by triple-digits calendar year-on-yr in 2021, in accordance to new details from Barracuda Networks.

The security vendor’s latest Spear Phishing: Prime Threats and Trends report was compiled from an investigation of tens of millions of e-mails across thousands of international small business shoppers involving January and December 2021.

It uncovered a 270% increase in conversation hijacking, also recognized as vendor impersonation, in which risk actors insert by themselves into current enterprise discussions or initiate new discussions based mostly on facts they’ve gathered.

✔ Approved Seller From Our Partners
Malwarebytes Premium 2022

Protect yourself against all threads using Malwarebytes. Get Malwarebytes Premium with 60% discount from a Malwarebytes official seller SerialCart® (Limited Offer).

➤ Activate Your Coupon Code


It commences with a phishing attack to steal logins and hijack a corporate email account. The hacker then spends time reading through by the e-mail in the compromised inbox and looking at new messages occur in.

In the course of this time, they’re piecing with each other a picture of business enterprise functions, payment processes, partners and consumers, which is then leveraged to send out faux invoice and wire transfer requests to critical folks.

That’s one of the most productive techniques of launching a BEC attack, although it requires considerably a lot more work.

This is why dialogue hijacking accounted for less than 1% of social engineering attacks in 2021.

“However, even in tiny numbers they can be devastating for corporations,” Barracuda warned.

“The in general quantity of conversation hijacking has been escalating around the many years, and their level of popularity among the hackers doubled in 2021. This is not shocking because although these attacks require a good deal of work from hackers to set up, the payout can be considerable.”

BEC attacks remained unchanged from 2020, accounting for close to 9% of social engineering makes an attempt, with phishing (51%) and scamming (37%) comprising the most major range.

Barracuda also uncovered that personnel from tiny enterprises are significantly much more very likely to face social engineering.

The normal employee of a small business with a lot less than 100 employees will expertise 350% extra attacks than an staff of a larger sized organization, it claimed.


Some pieces of this article are sourced from:
www.infosecurity-magazine.com

Previous Post: «Cyber Security News Raspberry Pi Users Urged to Change Default Passwords as Attacks Surge

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Report This Article

Recent Posts

  • Conversation Hijacking Soars 270% to Enable BEC
  • Raspberry Pi Users Urged to Change Default Passwords as Attacks Surge
  • Russia Uses Deepfake of Zelensky to Spread Disinformation
  • How to secure business printers
  • TrickBot Malware Abusing Hacked IoT Devices as Command-and-Control Servers
  • SentinelOne to acquire Attivo Networks for $617 million
  • Ukraine Secret Service Arrests Hacker Helping Russian Invaders
  • The keys to catching a cyber crook
  • New Vulnerability in CRI-O Engine Lets Attackers Escape Kubernetes Containers
  • Sioux Falls Funds DSU Cybersecurity Lab

Copyright © TheCyberSecurity.News, All Rights Reserved.