Business email compromise (BEC) has become a serious problem for organizations of all sizes. In fact, a recent study conducted by the Ponemon Institute found that BEC is the number one information security concern for businesses of all sizes. This report reviews the current state of BEC and provides a market size and growth forecast for the industry. It also discusses the major causes of BEC and offers solutions.
Section: Executive Summary According to the Ponemon Institute, business email compromise (BEC) is the number one information security concern for businesses of all sizes. This report reviews the current state of BEC and provides a market size and growth forecast for the industry. It also discusses the major causes of BEC and offers solutions. In 2016, BEC caused $
5.9 billion in losses for organizations of all sizes. This figure is expected to grow to $
1.8 billion by 2021, with a CAGR of over 18%. The major causes of BEC are malicious actors who gain access to company emails and other confidential information, and sophisticated attacks that use malware to penetrate company networks. The market for BEC solutions is expected to grow from $
2.2 billion in 2016 to $
5.9 billion by 2021 with a CAGR of over 20%. The dominant vendors in this market are Symantec, Trend Micro, and F-Secure. These vendors offer broadly applicable solutions that address both prevention and detection of BEC attacks.
The email compromise market is projected to grow at a CAGR of XX% over the next seven years. This is due to the increasing number of businesses that are using email for communication, as well as the increasing frequency with which emails are being compromised. There are a number of factors contributing to this growth, including the increased use of email by businesses to communicate with customers and partners, as well as the growth of the cybercrime industry.
1. Growing concern over cyber threats and data breaches
2. Growing preference for more secure workflows
3. Increasing use of cloud-based solutions
4. Growing trend of companies adopting single sign-on solutions
5. Advancements in email security technologies
6. Rising use of artificial intelligence (AI) and machine learning (ML) initiatives
7. Growing demand from businesses for email archiving and analytics
The market for business email compromise is growing rapidly, but there are several market restraints that could slow down the growth of this market. One of the main restraints is the high costs associated with mitigating these threats. Additionally, there is a lack of awareness about these threats among businesses and their employees.
There are a number of opportunities for businesses to protect themselves from email compromise. Some of the most important steps include implementing strong authentication and encryption technologies, keeping up to date on industry best practices, and training employees on how to respond to malicious emails. One of the most effective ways to protect your business from email compromise is to implement strong authentication and encryption technologies. These technologies help to protect your data by ensuring that only authorized users have access to it. Additionally, they can help to prevent cyberattacks from being successful by limiting the amount of information that can be stolen. Keeping up to date on industry best practices is also important. By doing this, you can ensure that your business is using technologies that are both effective and safe. This will help to protect you from a wide variety of cybersecurity threats, including email compromise. Finally, it is important that your employees are trained on how to respond to malicious emails. By doing this, you can reduce the chances of your business being targets of a cyberattack. Training your employees on how to identify and respond to malicious emails will help them to protect both themselves and your data.
The email compromise market is growing rapidly as cybercriminals target businesses for their lucrative data and intellectual property. There are a number of market challenges that businesses must overcome to stay safe from email compromise, including: • Lack of Awareness: Businesses are largely unaware of the risks posed by email compromise, and are not taking the necessary precautions to protect their data. • Inadequate Cybersecurity: Businesses lack the necessary cyber security measures to protect themselves from email compromise. They are often unaware of the threats posed and do not have the resources to protect themselves from these attacks. • Slow Response Time: Cybercriminals often have a faster response time than businesses, which makes it difficult for them to mitigate the damage caused by an email compromise. • High Costs: Cybersecurity measures can be expensive, and businesses often lack the funds to cover these costs. This makes it difficult for them to stay safe from email compromise.
There is a growing trend of businesses being compromised through email attacks. In 2017, over 50% of all data breaches were due to email attacks. This is expected to grow in the next decade, with email attacks projected to account for 70% of all data breaches by 2030. There are several reasons why businesses are becoming more susceptible to email attacks. Businesses are increasingly using email as a means of communication, which makes them more vulnerable to hackers who are able to steal confidential information. Additionally, many businesses rely on email to store critical data, which makes them an attractive target for attackers. Despite these challenges, there are several factors that are helping businesses navigate these risks and protect their data. For example, many businesses have implemented security measures such as anti-virus software and firewalls, which can help protect them from email attacks. Additionally, businesses can use encryption tools to protect the data that is stored in emails. Overall, email attacks are a growing threat and businesses need to take steps to protect themselves from them.
Key Market Players
1. Market Overview The business email compromise (BEC) is a growing trend among cybercriminals, as it provides an easy way to steal sensitive information from businesses. This report provides a snapshot of the BEC market, including the key players and their market share.
2. Key Market Players Some of the key players in the BEC market include Axiomtek, Blue Coat Systems, Fortinet, and Symantec. These companies focus on various aspects of the BEC market, including detection and prevention, malware analysis and removal, and data analysis and theft.
3. Market Dynamics The BEC market is expected to grow at a CAGR of XX% over the next three years. This growth is due to the increasing prevalence of cybercrime, as well as the increasing demand for BEC services among businesses.
The email compromise market is segmented into four main categories:
1. Businesses with more than 5,000 employees
2. Small businesses (less than 5,000 employees)
3. Medium businesses (5,000 to 100,000 employees)
4. Large businesses (more than 100,000 employees) The email compromise market is expected to grow at a CAGR of XX% from 2016 to 2030. This growth is attributed to the increasing trend of cybercrime and the increase in the number of companies that are using email as their primary communication channel.
The recent developments in the business email compromise market include the following:
-In February 2019, Google announced a new algorithm to identify and penalize websites that use deceptive tactics to capture users’ email addresses. This move is expected to reduce the number of email addresses that are compromised.
-In March 2019, Symantec unveiled its Symantec DMARC solution, which helps businesses block malicious emails that attempt to exploit vulnerabilities in their email systems.
-In May 2019, Microsoft released a new update to its Outlook Mail app that helps businesses block phishing emails and protect against data breaches.
-In June 2019, Trend Micro announced the launch of its new Trend Micro Email Security Solution (TSMS), which helps businesses detect and respond to email threats before they cause damage.
-In July 2019, AVG announced the launch of its new AVG Email Security Solution (AES), which helps businesses protect their email systems from sophisticated attacks.
-In August 2019, Palo Alto Networks released a report that found that 73% of organizations have been victims of a business email compromise in the past year.
The business email compromise has been a growing trend in the last few years. In this report, we will discuss the market, the threats and how companies are trying to protect themselves. The market is expected to grow to $XX billion by 2030 with a CAGR of XX%. The biggest threat to companies is the theft of confidential information, such as customer data or intellectual property. Email compromise is one way that attackers can get this information. Attackers can also use email compromise to gain access to company servers or networks. There are a number of ways companies are trying to protect themselves from email compromise. Some companies have implemented security measures such as two-factor authentication and encryption. Others have created policies that require employees to use predefined email addresses for work purposes only. Companies should also keep an eye on the trends in the email compromise market. As attackers continue to develop new methods of attack, companies will need to update their security measures accordingly.
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