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The Billion Dollar Scam: Business Email Compromise in Healthcare

Since 2020, healthcare data breach costs have increased by 53.3%, overtaking the financial sector as the most breached industry. Why has healthcare become such a prime target for cyber bad actors looking to perpetrate BEC scams? And more importantly, what can healthcare do to combat it?

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Since 2020, healthcare data breach costs have increased by 53.3%, overtaking the financial sector as the most breached industry. Why has healthcare become such a prime target for cyber bad actors looking to perpetrate BEC scams? And more importantly, what can healthcare do to combat it?

Since 2020, healthcare data breach costs have increased by 53.3%, overtaking the financial sector as the most breached industry. For healthcare organizations, these breaches cost an average of $10.93 million a pop - roughly $6.48 million more than the global average price tag for a data breach. Business Email Compromise (BEC) - deemed by the FBI as the “Billion Dollar Scam,” costing individuals and businesses a whopping $45 billion between 2013 and 2021 - is often hackers’ attack vector of choice.

So, why has healthcare become such a prime target for cyber bad actors looking to perpetrate BEC scams? And more importantly, what can healthcare organizations do to fortify themselves against one of the most damaging and expensive types of cyber attacks?

Watch this webinar from Huntress to learn:

  • The BEC techniques hackers employ against healthcare organizations
  • Key ways an identity protection solution can help organizations detect and respond to an identity-related breach
  • How implementing security awareness training for employees provides the first line of defense against BEC

Related Resources: Mistakes to Mastery: Get to Know Phishing Defense Coaching from Huntress SAT & Smuggler's Gambit: Uncovering HTML Smuggling Adversary in the Middle Tradecraft

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Erin Meyers
Principal Product Marketer, MDR for M365
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James O'Leary
Product Marketing Manager at Huntress
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The Billion Dollar Scam: Business Email Compromise in Healthcare

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Since 2020, healthcare data breach costs have increased by 53.3%, overtaking the financial sector as the most breached industry. For healthcare organizations, these breaches cost an average of $10.93 million a pop - roughly $6.48 million more than the global average price tag for a data breach. Business Email Compromise (BEC) - deemed by the FBI as the “Billion Dollar Scam,” costing individuals and businesses a whopping $45 billion between 2013 and 2021 - is often hackers’ attack vector of choice.

So, why has healthcare become such a prime target for cyber bad actors looking to perpetrate BEC scams? And more importantly, what can healthcare organizations do to fortify themselves against one of the most damaging and expensive types of cyber attacks?

Watch this webinar from Huntress to learn:

  • The BEC techniques hackers employ against healthcare organizations
  • Key ways an identity protection solution can help organizations detect and respond to an identity-related breach
  • How implementing security awareness training for employees provides the first line of defense against BEC

Related Resources: Mistakes to Mastery: Get to Know Phishing Defense Coaching from Huntress SAT & Smuggler's Gambit: Uncovering HTML Smuggling Adversary in the Middle Tradecraft

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