Email fraud, also known as business email compromise (BEC), is one of today's greatest cyber-threats. These socially engineered attacks seek to exploit people rather than technology. They are highly targeted, sent in low volumes and impersonate people in authority.
Email fraud preys on human nature - fear, the desire to please and more - to steal money and valuable information from employees, customers and business partners.
Proofpoint analysed more than 160 billion emails sent to more than 2,400 companies spanning 150 countries.