BEC and FTF scams are leading to a steep rise in cyber insurance claims!
As per the recent Coalition 2025 Cyber Claims Report, business email compromise-based attacks (BEC) and fund transfer frauds (FTF) have led to a steep surge in the number of cyber insurance claims in 2024. Businesses around the world have been facing sophisticated BEC and FTF attacks that are affecting them financially, operationally, as well as…