Email-based Attacks Accounted for Most Cyber Insurance Claims Last Year
Business email compromise (BEC) attacks and funds transfer fraud (FTF) accounted for 60% of cyber insurance claims in 2024, according to a new report from Coalition. “Business email compromise is an event in which cyber criminals gain access to an organization’s email account to execute a cyber attack,” the cyber insurance provider explains. “Attackers often leverage email access to find sensitive data, including login credentials, financials, and other private information.