BEC fraud netted cyberthieves five times more profit than ransomware over a three-year period, according to Cisco’s midyear report released today.
Despite all the recent attention paid to ransomware, cybercriminals walked away with $5.3 billion from business email compromise (BEC) attacks compared with $1 billion for ransomware over a three-year stretch, according to Cisco’s 2017 Midyear Cybersecurity Report released today.