LATEST INTELLIGENCE
STOPPING EMAIL FRAUD
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T
oday’s email attacks have evolved.
Unfortunately, most security tools haven’t
evolved with them. Attackers are moving and
adapting faster than most cyberdefences. They’re
bypassing security tools with new techniques and
delivery methods. And some are avoiding legacy
controls altogether through novel attacks that don’t
use malware at all.
Email fraud, sometimes called business email
compromise (BEC), is one of them. Cybercriminals
can easily spoof executives and business partners
to trick people into sending money and other
valuable information.
This growing threat has cost victims more than
US$5.3 billion since the FBI began tracking it in late
2013. The average attack nets about US$130,000.
Partner spoofing attacks, where a fraudster pretends
to be an organisation’s trusted vendor, are also
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growing. In just one example, a Lithuanian man has
been accused of stealing more than US$100 million
in separate attacks on Google and Facebook in July
2017. The man allegedly spoofed a vendor in the
companies’ supply chains.
These attacks are sophisticated and highly targeted.
They exploit people, not technology. And stopping
them requires a new people-centred approach.
Proofpoint Advanced Email Security uses a multi-
layered defence to stop unsafe emails from reaching
people’s inboxes – and keep sensitive information in
your environment when something goes wrong.
Deploying a multi-layered defence:
An analogy
Consider how airports manage a vast and changing
mix of potential security issues. Most take a two-
pronged approach, each of those prongs featuring
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