Cybercriminals See Allure in BEC Attacks Over Ransomware

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While published trends in ransomware attacks have been contradictory — with some firms tracking more incidents and other fewer — business email compromise (BEC) attacks continue to have proven success against organizations.

BEC cases, as a share of all incident-response cases, more than doubled in the second quarter of the year, to 34% from 17% in the first quarter of 2022. That’s according to Arctic Wolf’s “1H 2022 Incident Response Insights” report, published on Sept. 29, which found that specific industries — including financial, insurance, business services, and law firms, as well as government agencies — experienced more than double their previous number of cases, the company said.

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