What makes small and medium-sized businesses vulnerable to BEC attacks

In this Help Net Security video, Dror Liwer, Co-Founder of Coro, talks about what makes small and medium-sized businesses especially vulnerable to this form of attack and why BEC’s contribution to the country’s annual cyber losses not only makes sense but is likely underreported. According to the FBI’s 2021 Internet Crime Report, business email compromise (BEC) accounted for almost a third of the country’s $6.9 billion in cyber losses that year – around $2.4 billion. That’s not the case for small and medium-sized businesses, which often lack the means to absorb similar financial losses.