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A BLOG ABOUT CYBER SECURITY

Wombat Security is a leader in security awareness and training. Our blog covers the latest cyber security news, insights, and best practices. We arm infosec professionals with the knowledge and tools they need to improve end-user behaviors and reduce organizational risk.

Business Email Compromise

Wombat Cybersecurity Education Helps Texas City Avoid BEC Attack

Posted by Gretel Egan on Nov 10, 2017 10:38:50 AM

Earlier this week, we released a new industry case study in conjunction with our partner Future Com, a leader in the network foundation, performance, and security space. The study illustrates how our security awareness and training solutions — delivered by Future Com — helped the City of Garland, Texas, reduce phishing susceptibility by 80%, build a stronger culture of security, and avoid a potentially costly business email compromise (BEC) attack.

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Connecting the Dots: The Human Factor and the Cost of Cybercrime

Posted by Gretel Egan on Oct 18, 2017 11:29:20 AM

The recently published 2017 Cost of Cyber Crime Study from Ponemon Institute and Accenture delivered some sobering statistics:

  • Organizations pay an average annualized cost of $11.7 million* to deal with cybercrime (up 23% from the prior year).
  • Organizations are dealing with an average of 130 successful security breaches each year (an uptick of 27% year over year)
  • The average cost of cybercrime has risen by 62% since 2013.
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Business Email Compromise: Prevent Wire Transfer Fraud & W-2 Phishing

Posted by Gretel Egan on Jul 27, 2017 8:26:00 AM

Though business email compromise (BEC) phishing attacks continue to plague organizations worldwide, many end users still don't fully appreciate the danger. Employees are not aware of how sophisticated these targeted social engineering attacks can be, the very real threat they pose to their personal reputations, and the impact they can have on their organizations. 

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Wombat Experts Share Cybersecurity Predictions for 2017

Posted by Gretel Egan on Dec 13, 2016 2:06:07 PM

With the end of 2016 fast approaching, it’s certainly not too soon to think about what the cybersecurity threat landscape will look like in 2017. Our experts shared their thoughts about the current risks that will continue to plague infosec teams next year, and they offer predictions about how threats may morph in the coming months.

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Business Email Compromise: More Attacks, More Money Lost

Posted by Gretel Egan on Jul 5, 2016 10:30:00 AM

Back in April, we highlighted some sobering statistics from an FBI alert related to phishing attacks known as business email compromise (BEC), which generally result in wire transfer fraud or data breaches of sensitive tax or corporate payroll information. Just over two months later, the news is worse than ever, with reported incidents and lost funds ballooning at an alarming rate.

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