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Growing scale of business email compromise scams and spear phishing attacks is a significant factor driving global BEC market revenue growth<br><br>
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Business Email Compromise Market Size Worth USD 4.79 Billion 2030 www.emergenresearch.com Growing scale of business email compromise scams and spear phishing attacks is a significant factor driving global BEC market revenue growth
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Market Summary The global Business Email Compromise (BEC) market size is expected to reach USD 4.79 Billion at a steady revenue CAGR of 19.4% in 2030, according to latest analysis by Emergen Research. Growing scale of business email compromise scams and spear phishing attacks is a major factor driving market revenue growth. Business Email Compromise (BEC), is a type of phishing scam, in which an executive's email account is impersonated or compromised to trick the victim into starting a wire transfer or disclosing critical information. Social engineering and spear phishing are key components of this attack, which frequently targets individuals who manage sensitive company information, conduct purchases, or have other fiduciary responsibilities. BEC schemes frequently begin with a phishing email designed to gain unauthorized access to the account of targeted employee. www.emergenresearch.com
Market Summary Some Key Highlights From the Report On 25 February 2020, Proofpoint, Inc., a leading cybersecurity and compliance company released the first integrated, end-to-end solutions to address Business Email Compromise (BEC) and Email Account Compromise (EAC) attacks. These solutions combine Proofpoint's top secure email gateway, advanced threat protection, threat response, email authentication, security awareness training, and cloud account protection. In addition, Proofpoint announced a number of improvements to its Proofpoint Cloud App Security Broker (CASB) to protect cloud applications that employees use on a daily basis, including Amazon Web Services, Box, Google G Suite, Microsoft Office 365, and Slack. This will aid organizations in thwarting sophisticated cyberattacks that use both email and cloud vectors. The solutions segment is expected to lead in terms of revenue share in the global market over the forecast period. Use of BEC solutions has a number of advantages such as ability to dynamically detect and block specific corporate email intrusion types, recognize a variety of BEC tactics including use of fictitious supplier domains and compromised supplier accounts, notify recipients of email's source, tag any external emails, assess the urgency of an email by looking at its header, sender's IP, reputation, and other data, use advanced BEC defense, and utilize a detection engine based on Machine Learning (ML). Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/1405 www.emergenresearch.com
Market Summary • For the purpose of this report, Emergen Research has segmented the global BEC market based on offering, deployment mode, vertical, and region: • Offering Outlook (Revenue, USD Million; 2019–2030) • Solutions • Services • Deployment Mode Outlook (Revenue, USD Million; 2019–2030) • Cloud • On-Premises • Vertical Outlook (Revenue, USD Million; 2019–2030) • BFSI • Government • IT & ITES • Energy & Utilities • Healthcare • Retail & E-Commerce • Manufacturing • Other Verticals • Read More@ https://www.emergenresearch.com/industry-report/business-email-compromise-market
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