Email incidents surged in the U.S. in 2023, with larger companies seeing the most significant increase in claims, becoming prime targets for email crimes.
Financial fraud dominated email claims in 2023, comprised of 61% of incidents, and escalated to 72% in the first half of 2024, heavily impacting relationships with existing vendors.
While financial theft is prevalent, 4.5% of email crimes involve goods being fraudulently redirected, underscoring the broader implications of email security vulnerabilities across industries.
Google Workspace users suffered 54% fewer email incident claims than the average, indicating a significant advantage in email security compared to Microsoft 365 users.
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