Partners Blog

It's a Trap! Be Alert For These 5 Common Email Scams

Posted by MailGuard on Aug 25, 2021 11:35:59 AM

MicrosoftTeams-image (25)

As we pulled the curtain on 2020, counting our losses from events that none had foreseen, with global geopolitical tensions rising, and in the wake of a global health emergency the likes of which we had never experienced, in COVID-19. It forced workforces across the globe to shift to hybrid or remote working and reflected in the IC3 2020 report summarizing the impact on U.S. citizens from cybercrime, citing “a record number of complaints from the American public in 2020: 791,790, with reported losses exceeding $4.1 billion.” Saying “This represents a 69% increase in total complaints from 2019. Business E-mail Compromise (BEC) schemes continued to be the costliest: 19,369 complaints with an adjusted loss of approximately $1.8 billion. Phishing scams were also prominent: 241,342 complaints, with adjusted losses of over $54 million. The number of ransomware incidents also continues to rise, with 2,474 incidents reported in 2020.”

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Partners Blog

“Prevention is really important”: The ACCC urges businesses to be wary of business email compromise scams

Posted by MailGuard on Apr 27, 2021 3:42:57 PM

BEC scam_PartnerBlog

Business email compromise (BEC) scams have been around for a while, but their continued success at bringing down organisations (both large & small) shows we’re dealing with an adversary that is constantly looking for ways to exploit our systems, our psychology & our trust.  

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