Response-Based Business Email Compromise Contributes to 97% of Attacks

The malware-less and seemingly benign nature of business email compromise emails, mixed with impersonation techniques, are difficult to spot as being malicious, making them even more dangerous.

I’ve covered both the threat of business email compromise and response-based email attacks before. How can I not? They are prominent techniques used by phishing scammers everywhere. But it’s the reported combination of the two by Phish Labs that has me concerned. Representing the overwhelming lion’s share of all email threat volume reported, the use of such business-toned, long-tailed email attacks is a greater danger to organizations.

Take the following example, provided by Phish Labs:

Source: Phish Labs

Note there’s no malicious attachment or link that a security solution can scan. This is pure social engineering; the assumption is that Angela either works directly for Ken or Ken is a few rungs higher on the corporate ladder. So, the urgency is created not in the message’s tone, but in the establishing of who is sending the email and what’s being asked. Additionally, the request for a mobile phone is to take the conversation to a medium where there is no sender email to verify, and so that the conversation is controlled.

These kinds of emails are why users within organizations need to undergo continual Security Awareness Training so that they maintain a sense of vigilance – especially when an email comes in that feels like there’s zero maliciousness to it.

Stu Sjouwerman
About the Author
Stu Sjouwerman (pronounced “shower-man”) is the founder and CEO of KnowBe4 Inc, a provider of the most popular Security Awareness Training and Simulated Phishing platform. A serial entrepreneur and data security expert with more than 30 years in the IT industry, Sjouwerman is the author of four books, with his latest being “Cyberheist: The Biggest Financial Threat Facing American Businesses.” Along with his CEO duties, Stu is Editor-in-Chief of Cyberheist News, an e-zine tailored to deliver IT security news, technical updates, and social engineering alerts. Stu is a four-time Inc 500 award winner and EY Entrepreneur of the Year finalist.