Security Magazine logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Security Magazine logo
  • NEWS
    • Security Newswire
    • Technologies & Solutions
  • MANAGEMENT
    • Leadership Management
    • Enterprise Services
    • Security Education & Training
    • Logical Security
    • Security & Business Resilience
    • Profiles in Excellence
  • PHYSICAL
    • Access Management
    • Fire & Life Safety
    • Identity Management
    • Physical Security
    • Video Surveillance
    • Case Studies (Physical)
  • CYBER
    • Cybersecurity News
    • More
  • BLOG
  • COLUMNS
    • Career Intelligence
    • Cyber Tactics
    • Cybersecurity Education & Training
    • Leadership & Management
    • Security Talk
  • EXCLUSIVES
    • Annual Guarding Report
    • Most Influential People in Security
    • The Security Benchmark Report
    • Top Guard and Security Officer Companies
    • Top Cybersecurity Leaders
    • Women in Security
  • SECTORS
    • Arenas / Stadiums / Leagues / Entertainment
    • Banking/Finance/Insurance
    • Construction, Real Estate, Property Management
    • Education: K-12
    • Education: University
    • Government: Federal, State and Local
    • Hospitality & Casinos
    • Hospitals & Medical Centers
    • Infrastructure:Electric,Gas & Water
    • Ports: Sea, Land, & Air
    • Retail/Restaurants/Convenience
    • Transportation/Logistics/Supply Chain/Distribution/ Warehousing
  • EVENTS
    • Industry Events
    • Webinars
    • Solutions by Sector
    • Security 500 Conference
  • MEDIA
    • Interactive Spotlight
    • Photo Galleries
    • Podcasts
    • Polls
    • Videos
      • Cybersecurity & Geopolitical Discussion
      • Ask Me Anything (AMA) Series
  • MORE
    • Call for Entries
    • Classifieds & Job Listings
    • Continuing Education
    • Newsletter
    • Sponsor Insights
    • Store
    • White Papers
  • EMAG
    • eMagazine
    • This Month's Content
    • Advertise
  • SIGN UP!
CybersecuritySecurity NewswireCybersecurity News

Business email compromise attacks outpace malware

By Security Staff
computer screen opened to email

Image via Unsplash

August 2, 2023

A recent Abnormal report analyzed the increase in email attacks in the first half of 2023. Examining data since 2013, the report identified a massive increase in third-party applications (apps) integrated with email, underscoring the proliferation of an emerging threat vector that cybercriminals are exploiting as they continue to shift their tactics.

The number of integrated third-party apps continued to rise in the first half of 2023 (between January and June), during which time researchers also observed overall increases in business email compromise (BEC) and vendor email compromise (VEC) attacks, continuing a trend that has persisted over the last five years.

The research showed that the average organization integrates 379 third-party apps with email — a 128% increase since 2020. And for large enterprises with 30,000+ employees, the number of integrated third-party apps shoots up to 3,973, on average. These include apps for collaboration, productivity, development, social networking, security, and more. Across the integrated third-party applications, 37% have high-risk permissions, such as the ability to create and delete emails or users, and even reset user passwords. 

The report also showed a rise in both BEC and VEC attacks in the first half of 2023. BEC attacks increased by 55% over the previous six months, and nearly half (48%) of all organizations received at least one VEC attack during that same time frame.

Additional findings from the first half of the year include:

  • A 34% increase in VEC attacks over the previous two halves.
  • BEC attacks outpaced malware in a reversal of findings from the previous half.
  • There is a 90%+ chance of receiving at least one BEC attack and a 76% chance of receiving at least one VEC attack each week for organizations with 5,000+ mailboxes.
  • The technology industry is the most popular target for BEC attacks, while advertising/marketing is the most popular target for VEC attacks. Other popular targets for BEC attacks include construction, advertising/marketing, finance, transportation and media/entertainment.

Read the full report here.

KEYWORDS: cyber security cyberattack email security malware phishing

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • Iintegration and use of emerging tools

    Future Proof Your Security Career with AI Skills

    AI’s evolution demands security leaders master...
    Career Intelligence
    By: Jerry J. Brennan and Joanne R. Pollock
  • The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report surveys enterprise...
    The Security Benchmark Report
    By: Rachelle Blair-Frasier
  • The Most Influential People in Security 2025

    Security’s Most Influential People in Security 2025

    Security Magazine’s 2025 Most Influential People in...
    Most Influential People in Security
    By: Security Staff
Manage My Account
  • Security Newsletter
  • eMagazine Subscriptions
  • Manage My Preferences
  • Online Registration
  • Mobile App
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Security audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of Security or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • critical event management
    Sponsored byEverbridge

    Why a Unified View Across IT, Continuity, and Security Makes or Breaks Crisis Response

  • Charlotte Star Room
    Sponsored byAMAROK

    In an Uncertain Economy, Security Is a Necessity - Not an Afterthought

  • Sureview screen
    Sponsored bySureView Systems

    The Evolution of Automation in the Command Center

Popular Stories

Red laptop

Security Leaders Discuss SitusAMC Cyberattack

Cybersecurity trends of 2025

3 Top Cybersecurity Trends from 2025

Green code

Logitech Confirms Data Breach, Security Leaders Respond

Neon human and android hands

65% of the Forbes AI 50 List Leaked Sensitive Information

The Louvre

After the Theft: Why Camera Upgrades Should Begin With a Risk Assessment

Top Cybersecurity Leaders

Events

September 18, 2025

Security Under Fire: Insights on Active Shooter Preparedness and Recovery

ON DEMAND: In today’s complex threat environment, active shooter incidents demand swift, coordinated and well-informed responses.

December 11, 2025

Responding to Evolving Threats in Retail Environments

Retail security professionals are facing an increasingly complex array of security challenges — everything from organized retail crime to evolving cyber-physical threats and public safety concerns.

View All Submit An Event

Products

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

See More Products

Related Articles

  • Person tapping AI app on phone

    AI is responsible for 40% of business email compromise (BEC) emails

    See More
  • email inbox

    4 CISO strategies for banks combatting business email compromise

    See More
  • cyber remote work

    Business email compromise during a pandemic: Why cyber insurance is more urgent than ever

    See More

Related Products

See More Products
  • physical security.webp

    Physical Security Assessment Handbook An Insider’s Guide to Securing a Business

See More Products

Events

View AllSubmit An Event
  • July 13, 2011

    NYC Infragard monthly security summit focused on cloud computing and email archiving.

View AllSubmit An Event
×

Sign-up to receive top management & result-driven techniques in the industry.

Join over 20,000+ industry leaders who receive our premium content.

SIGN UP TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • Newsletter
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing