According to ZDNet: Scam-as-a-Service operation made more than $6.5 million in 2020

“Classiscam” operation is made up of around 40 groups operating in the US and across several European countries.

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Vendor Email Compromise Outpaces BEC in EMEA – A Wake-Up Call for MSSPs

📧 VEC Attacks in EMEA Soar Past BEC Threats

Vendor Email Compromise (VEC) engagement in EMEA hits 47.3% – almost double BEC’s rate.

This rise shows how VEC exploits trust in external vendors, bypassing traditional BEC defenses.

EMEA reports only 0.2% of VEC incidents, signaling a critical awareness gap.

MSSPs must adopt advanced behavioral analytics and third-party identity monitoring to catch these sophisticated threats.

Continuous employee education and simulated VEC phishing drills are essential to close this gap.

At AUMINT.io, we deliver cutting-edge solutions combining threat detection and training tailored for these risks.

Protect your organization before attackers do.

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⚠️ One Exposure Can Cost Millions – Don’t Risk It

Ransomware, data leaks, phishing – they start small.

Hidden misconfigurations and oversights become attack gateways.

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Vendor Email Compromise: The Silent $300M Threat CISOs Can’t Ignore

📧 Vendor Email Compromise Is a $300M Silent Threat

Vendor Email Compromise (VEC) is skyrocketing, with 72% of employees at large enterprises engaging with fraudulent vendor emails by replying or forwarding—even when no links or attachments are present.

This behavior has fueled attempted thefts over $300 million worldwide last year.

VEC attacks now see engagement rates 90% higher than traditional Business Email Compromise (BEC).

The EMEA region is a hotbed for these attacks, yet employees there report only 0.27% of incidents—the lowest global reporting rate.

Telecom leads in vulnerability, with 71.3% employee engagement, followed by energy and utilities at 56.25%.

VEC’s danger lies in hijacking trusted vendor email threads and leveraging social engineering that exploits human trust, bypassing technical defenses like multi-factor authentication.

To fight back, organizations must adopt AI-powered email analytics, enforce vendor verification protocols, and continuously train employees to detect social engineering tactics.

At AUMINT.io, we deliver comprehensive cybersecurity solutions blending advanced threat detection and human-focused training to shield your organization.

Don’t wait for an attack to expose your vulnerabilities.

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#Cybersecurity #VendorEmailCompromise #EmailSecurity #ThreatDetection #AUMINT

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