LATEST INTELLIGENCE
STOPPING EMAIL
FRAUD
PRESENTED BY
Download whitepaper here
How Proofpoint helps protect your
organisation from impostors, phishers
and other non-malware threats 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.
Today’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. The man allegedly spoofed a vendor in the
companies’ supply chains. These attacks are
sophisticated and highly targeted.
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
2013.1 The average attack nets about US$130,000.
Partner spoofing attacks, where a fraudster pretends
to be an organisation’s trusted vendor, are also
20
INTELLIGENTCIO
They exploit people, not technology. And stopping
them requires a new people-centred approach.
Proofpoint Advanced Email Security uses a
multilayered defence to stop unsafe email from
reaching people’s inboxes – and keep sensitive
information in your environment when something
goes wrong.
Deploying a multilayered 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
multiple checks and procedures.
www.intelligentcio.com