File sharing phishing attacks increase 350 percent

Although it dates back to the very early days of the internet, email remains a vital communications channel for businesses. But it also continues to present security challenges. A new report from Abnormal Security reveals a 350 percent year-on-year growth in file-sharing phishing attacks, while business email compromise attacks (BEC) have grown over 50 percent from the second half of 2023 to the first half of 2024. Perhaps unsurprisingly, the finance industry is most targeted by file sharing attacks, accounting for 14 percent of the total, followed by construction and engineering, and real estate firms. 'Over 40 percent of our… [Continue Reading]