North America Business Email Compromise (BEC) Market Size, Share & Industry Trends Analysis Report By Offering (Solutions and Services), By Deployment Mode, By Organization Size (Large Enterprises and SMEs), By Vertical, By Country and Growth Forecast, 20

North America Business Email Compromise (BEC) Market Size, Share & Industry Trends Analysis Report By Offering (Solutions and Services), By Deployment Mode, By Organization Size (Large Enterprises and SMEs), By Vertical, By Country and Growth Forecast, 2022 - 2028

The North America Business Email Compromise (BEC) Market would witness market growth of 17.6% CAGR during the forecast period (2022-2028).

Business Email Compromise is a method that is being utilised to scam corporations and financial teams (BEC). In BEC assaults, fraudsters pose as internal company employees including managers, executives, or the CEO via email systems. Subsequently they send emails to internal teams asking for money to be sent to an unauthorized bank account or vendor. They can pose as an existing vendor and ask for payment to be made to a separate bank account than the one that is currently on record. They could even ask to have their payment data changed so that any future payments go to an erroneous account.

Attackers conduct extensive background research on the target company and its workers before launching an effective BEC scam. They gather contact information for employees and business information from social media sites, websites, and other public forums. High-level executives who make payments on behalf of the company, like CEOs, attorneys, or members of the finance department, are typically the targets of BEC attacks. Attackers utilize the information they've gathered to spoof email addresses, make lookalike domains, or utilize phishing to break into a group's email system after they've decided which email accounts to attack.

U.S. law enforcement officers carried out more than 51 domestic operations during Operation WireWire, such as the execution of search warrants, asset seizure orders, and money mule warning letters. Additionally, 15 suspected money mules were charged for their roles in scamming victims by local, state, and federal law enforcement partners on FBI task teams across the nation, with the aid of numerous district attorneys. Witting or unwitting, money mules play a crucial part in BEC operations since they are responsible for receiving the stolen money and transferring it as the fraudsters instruct. For their trouble, the mules typically keep a small portion of the money. This would augment the demand and growth of the regional market in the coming years.

The US market dominated the North America Business Email Compromise (BEC) Market by Country in 2021, thereby, achieving a market value of $829 million by 2028. The Canada market is experiencing a CAGR of 19.9% during (2022 - 2028). Additionally, The Mexico market would showcase CAGR of 19.6% 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 U.S., Mexico, Canada, and Rest of North America.

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

  • Solutions
  • Services
By Deployment Mode
  • Cloud
  • On-premises
By Organization Size
  • Large Enterprises
  • SMEs
By Vertical
  • BFSI
  • IT & ITeS
  • Retail & eCommerce
  • Manufacturing
  • Government
  • Energy & Utilities
  • Healthcare
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • 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
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Business Email Compromise (BEC) Market, by Offering
1.4.2 North America Business Email Compromise (BEC) Market, by Deployment Mode
1.4.3 North America Business Email Compromise (BEC) Market, by Organization Size
1.4.4 North America Business Email Compromise (BEC) Market, by Vertical
1.4.5 North America Business Email Compromise (BEC) Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Business Email Compromise (BEC) Market
Chapter 4. North America Business Email Compromise (BEC) Market by Offering
4.1 North America Solutions Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Business Email Compromise (BEC) Market by Deployment Mode
5.1 North America Cloud Market by Country
5.2 North America On-premises Market by Country
Chapter 6. North America Business Email Compromise (BEC) Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Business Email Compromise (BEC) Market by Vertical
7.1 North America BFSI Market by Country
7.2 North America IT & ITeS Market by Country
7.3 North America Retail & eCommerce Market by Country
7.4 North America Manufacturing Market by Country
7.5 North America Government Market by Country
7.6 North America Energy & Utilities Market by Country
7.7 North America Healthcare Market by Country
7.8 North America Others Market by Country
Chapter 8. North America Business Email Compromise (BEC) Market by Country
8.1 US Business Email Compromise (BEC) Market
8.1.1 US Business Email Compromise (BEC) Market by Offering
8.1.2 US Business Email Compromise (BEC) Market by Deployment Mode
8.1.3 US Business Email Compromise (BEC) Market by Organization Size
8.1.4 US Business Email Compromise (BEC) Market by Vertical
8.2 Canada Business Email Compromise (BEC) Market
8.2.1 Canada Business Email Compromise (BEC) Market by Offering
8.2.2 Canada Business Email Compromise (BEC) Market by Deployment Mode
8.2.3 Canada Business Email Compromise (BEC) Market by Organization Size
8.2.4 Canada Business Email Compromise (BEC) Market by Vertical
8.3 Mexico Business Email Compromise (BEC) Market
8.3.1 Mexico Business Email Compromise (BEC) Market by Offering
8.3.2 Mexico Business Email Compromise (BEC) Market by Deployment Mode
8.3.3 Mexico Business Email Compromise (BEC) Market by Organization Size
8.3.4 Mexico Business Email Compromise (BEC) Market by Vertical
8.4 Rest of North America Business Email Compromise (BEC) Market
8.4.1 Rest of North America Business Email Compromise (BEC) Market by Offering
8.4.2 Rest of North America Business Email Compromise (BEC) Market by Deployment Mode
8.4.3 Rest of North America Business Email Compromise (BEC) Market by Organization Size
8.4.4 Rest of North America Business Email Compromise (BEC) Market by Vertical
Chapter 9. Company Profiles
9.1 Check Point Software Technologies Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.2 Broadcom, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Fortinet, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expenses
9.4 Cisco Systems, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.1 SWOT Analysis
9.5 Trend Micro, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.6 Proofpoint, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.7 Mimecast Limited
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expense
9.8 Barracuda Networks, Inc. (Thoma Bravo)
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.9 Agari (HelpSystems, LLC)
9.9.1 Company Overview
9.10. Zix Corporation
9.10.1 Company Overview

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