In the last year, an estimated two-fifths of global executives have fallen victim to an email-based cyber attack. According to research from cyber security company Mimecast, 38% of company bosses and other executives have experienced email-based spoofing, where hackers pose as trusted contacts in a bid to gain access to sensitive data.
In some cases, attackers even mimicked the email address of the chief executive to trick other staff members.
The news comes at a time of rising threats from phishing attacks: some 94% of firms have revealed that they had received malicious emails over the last year.
“With fraudulent emails increasingly difficult to spot, and the legal fines associated with data loss potentially crippling for many organisations, the risk factor is extremely high,” Mimecast vice president of threat intelligence Joshua Douglas said.