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Huge increase in business-targeted email fraud - Technology Decisions

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There has been a 476% increase in email fraud between Q4 2018 and Q4 2017, according to a new report.

The Proofpoint Q4 2018 Threat Report highlights the threats and trends across the company’s global customer base and in the wider threat landscape.

One of the most notable trends centres on the rapid increase of email fraud attacks, also known as business email compromise. Overall, Proofpoint researchers observed that the number of email fraud attacks against targeted companies increased 226% between Q3 2018 and Q4 2018, and 476% when comparing Q4 2017 and Q4 2018.

“Email fraud has seen explosive growth and it’s clear that today’s cybercriminals are relentlessly targeting people, rather than infrastructure,” said Tim Bentley, Proofpoint’s Vice President of Asia-Pacific and Japan.

“As these threats continue to grow in volume and sophistication, it is imperative that Australian organisations implement a people-centric security approach that includes a comprehensive email...(continued)

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