Business email compromise (BEC) scams are on the rise. They target business owners and high-level employees in order to defraud a company, its customers, or its partners. In this type of scam, an attacker will pretend to be a trusted entity by spoofing a company email account. Then, they trick employees into revealing sensitive information or performing wire transfers.
There are different types of BEC scams. However, all these threats usually target employees with access to company finances, in an attempt to trick them into transferring money or revealing sensitive data. BEC scams include:
There are also technical steps you can take to defend your organization against BEC scams.
And as always, a security aware culture begins with leadership and clear instructions. Reward employees for speaking up about their concerns and reporting possible attacks. Attacks and scams like business email compromises target people because humans are usually the weakest link – unless they are trained and educated about the latest threats.
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