The Europe Business Email Compromise (BEC) Market would witness market growth of 18.3% CAGR during the forecast period (2022-2028).
Attackers that utilize social engineering techniques such as business email breach pose as legitimate companies or people in order to get money, confidential information, or personal data for their own purposes. Because they are simple to launch in large numbers, have a high success rate, and are still incredibly effective, BEC attacks are presently the most common type of cybercrime. Business email compromises and phishing attacks are related and therefore can coincide, but they vary in that BEC attacks whether consequence in direct money transfers or credentials/other personal data being stolen, whereas phishing generally outcomes in compromised systems or credentials via malware or ransomware.
Attackers take the form of service or product providers and send bills with payment requests in this kind of assault. Attackers frequently pretend to be the company's current suppliers or vendors, taking advantage of the fact that there would likely be records of previous transfers and communications with the vendor as "evidence" of their identities. CEO fraud, which directly impersonates a corporation, is typically targeted at personnel, particularly those working in finance departments who are in charge of processing payments and those who routinely handle transfers. In this case, the attackers would then exert more pressure in an effort to make the victim feel pressed to fulfil the demands of a superior.
Russian intelligence claims that the government of Russia may be planning countermeasures against upcoming hacks. The Russian government not only disseminated malicious software, but also engaged in distributed denial-of-service (DDoS) attacks against Ukrainian government officials and infrastructure. A few cybercriminal organizations have also recently proclaimed their support for the Russian government.
These Russian-affiliated cyberterrorist organizations have pledged to carry out operations as payback for alleged assaults against the Russian government and people. Certain groups have also threatened cyberattacks against countries and organizations that aid the military of Ukraine. Several cybercriminal organizations have recently targeted Ukrainian websites in destabilizing ways, most likely in favor of Russia's military incursion.
The Germany market dominated the Europe Business Email Compromise (BEC) Market by Country in 2021, thereby, achieving a market value of $213.9 million by 2028. The UK market would showcase a CAGR of 17.3% during (2022 - 2028). Additionally, The France market is experiencing a CAGR of 19.2% during (2022 - 2028).
Based on Offering, the market is segmented into Solutions and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Retail & eCommerce, Manufacturing, Government, Energy & Utilities, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Business Email Compromise (BEC) Market is Predict to reach $3.3 Billion by 2028, at a CAGR of 19%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Check Point Software Technologies Ltd., Broadcom, Inc., Fortinet, Inc., Cisco Systems, Inc., Trend Micro, Inc., Proofpoint, Inc., Mimecast Limited, Barracuda Networks, Inc. (Thoma Bravo), Agari (HelpSystems, LLC) and Zix Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Deployment Mode
By Organization Size
By Vertical
- BFSI
- IT & ITeS
- Retail & eCommerce
- Manufacturing
- Government
- Energy & Utilities
- Healthcare
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Check Point Software Technologies Ltd.
- Broadcom, Inc.
- Fortinet, Inc.
- Cisco Systems, Inc.
- Trend Micro, Inc.
- Proofpoint, Inc.
- Mimecast Limited
- Barracuda Networks, Inc. (Thoma Bravo)
- Agari (HelpSystems, LLC)
- Zix Corporation
TABLE 1 Europe Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 2 Europe Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 3 Europe Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 4 Europe Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 5 Europe Solutions Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Solutions Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 10 Europe Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 11 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe On-premises Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe On-premises Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 16 Europe Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 17 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe SMEs Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe SMEs Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 22 Europe Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 23 Europe BFSI Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe BFSI Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe IT & ITeS Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe IT & ITeS Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Retail & eCommerce Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Retail & eCommerce Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Government Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Government Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Business Email Compromise (BEC) Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Business Email Compromise (BEC) Market by Country, 2022 - 2028, USD Million
TABLE 41 Germany Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 42 Germany Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 43 Germany Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 44 Germany Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 45 Germany Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 46 Germany Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 47 Germany Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 48 Germany Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 49 Germany Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 50 Germany Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 51 UK Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 52 UK Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 53 UK Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 54 UK Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 55 UK Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 56 UK Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 57 UK Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 58 UK Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 59 UK Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 60 UK Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 61 France Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 62 France Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 63 France Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 64 France Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 65 France Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 66 France Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 67 France Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 68 France Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 69 France Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 70 France Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 71 Russia Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 72 Russia Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 73 Russia Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 74 Russia Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 75 Russia Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 76 Russia Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 77 Russia Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 78 Russia Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 79 Russia Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 80 Russia Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 81 Spain Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 82 Spain Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 83 Spain Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 84 Spain Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 85 Spain Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 86 Spain Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 87 Spain Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 88 Spain Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 89 Spain Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 90 Spain Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 91 Italy Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 92 Italy Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 93 Italy Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 94 Italy Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 95 Italy Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 96 Italy Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 97 Italy Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 98 Italy Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 99 Italy Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 100 Italy Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 103 Rest of Europe Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 104 Rest of Europe Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 105 Rest of Europe Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 106 Rest of Europe Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 107 Rest of Europe Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 108 Rest of Europe Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 109 Rest of Europe Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 110 Rest of Europe Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 111 Key Information – Check Point Software Technologies Ltd.
TABLE 112 Key Information – Broadcom, Inc.
TABLE 113 key information – Fortinet, Inc.
TABLE 114 Key Information – Cisco Systems, Inc.
TABLE 115 Key Information – Trend Micro, Inc.
TABLE 116 key information – Proofpoint, Inc.
TABLE 117 Key Information – Mimecast Limited
TABLE 118 key information – Barracuda Networks, Inc.
TABLE 119 Key Information – Agari
TABLE 120 Key Information – Zix Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Broadcom, Inc.
FIG 3 SWOT Analysis: Cisco Systems, Inc.