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Email is great for business: it’s inexpensive, scalable, and, most importantly, effective at driving leads and revenue. Unfortunately, the very things that make email so popular— ease of use, convenience, transparency—also make it a vector of choice for cybercriminals.
Email fraud costs companies around the world billions, and can destroy brand reputation and consumer trust in a matter of minutes. Email fraud is implicated in a quarter of all data breaches, causing the average 10,000-employee company an expense of $3.7 million a year. Highly-targeted, low volume business email compromise (BEC) scams are arguably the most dangerous, costing organisations around the globe $3.1 billion since January 2015, according the the FBI.
To learn more please download this whitepaper.