Business Email Compromise stories - Page 2

AI is driving a rise in complex social engineering attacks, with 41% of organisations facing more cyberattacks and many ill-prepared to defend against them.

A PEXA survey found 97% of Australians in property transactions missed email scam signs during settlements, risking costly losses to cybercriminals.

97% of Australians involved in property transactions fail to spot scam signs in emails, risking costly losses despite their confidence in detecting fraud.

Acronis reports a 70% rise in ransomware victims in H1 2025, with AI-driven phishing attacks surging, especially targeting managed service providers.

Half of Australian government agencies have not adopted the strongest email security, risking cyberattacks on sensitive public sector data and communications.

Attackers are increasingly exploiting AI tools in emails, manipulating assistants and defences to steal data and disrupt organisations' security.

AI reshapes cyber defence, with firms battling human error and rising AI-driven attacks while leveraging predictive tools for threat detection and prevention.

Emerging cyber threats in 2025, including AI-driven attacks and ransomware, target healthcare and industry, with breach costs soaring to USD $5.3 million.

Email attacks on firms surge as AI-powered phishing kits, especially in manufacturing, challenge defences, warns VIPRE Security Group's Q2 2025 report.

Check Point leads in AI-powered email security, acclaimed by GigaOm for its Harmony Email & Collaboration solution tackling advanced phishing threats.

LevelBlue reports cyber incidents tripled to 17% in early 2025, driven by a 1,450% rise in social engineering attacks like fake CAPTCHA schemes.

Barracuda Networks warns of a global spike in phishing-as-a-service email attacks using impersonation tactics to deceive healthcare, finance, and government sectors.

BioCatch has launched Scams360 to help UK banks cut social engineering scam losses, which reached £450 million in 2024, using advanced behavioural biometrics.

AI Appreciation Day highlights the need for ethical, human-centred innovation as AI transforms industries like law and cybersecurity with fresh challenges.

Nearly half of Canadian firms faced OT cyber incidents last year, with C-suite roles increasingly driving security maturity, says Fortinet's 2025 report.

Over half of global public companies lack full enforcement of email phishing protections, leaving them vulnerable to costly cyberattacks, research finds.

AI agents are transforming business and cybersecurity by automating tasks, reducing response times, and enhancing threat detection with human oversight.

ANZ organisations face high engagement with business and vendor email compromise scams, with low reporting rates highlighting a growing cybersecurity risk.

Australia faces a rise in AI-driven cyber threats and state-sponsored espionage, calling for stronger defences and intelligence-led cybersecurity strategies.

New research finds AI now generates over half of spam emails and 14% of business email compromise attacks, enhancing their sophistication and evasion.