Scammers use email phishing to trick employees into financial or data fraud.
Business email compromise is a cybercrime where scammers use spear phishing via email to deceive employees into financial or data-related fraud.
BEC is an ever evolving and pervasive cyber threat that poses significant challenges to cybersecurity professionals. BEC is a sophisticated form of cybercrime that occurs when malicious actors employ social engineering techniques, particularly spear-phishing via email, to deceive employees into taking actions that compromise an organization's security. These actions often involve unauthorized fund transfers, disclosing sensitive information, or initiating malicious activities within the organization's network. BEC attacks are highly adaptable, and attackers continuously refine their tactics. Some common techniques include spoofed emails, domain spoofing, and fake invoices.
BEC attacks can have potentially devastating consequences for enterprises.
In summary, BEC is important because it poses significant financial, operational, and reputational risks to organizations. Preventing and mitigating BEC attacks requires a multi-faceted approach that includes technology, employee training, and a strong cybersecurity strategy.
BEC is a type of cyberattack that involves manipulating or impersonating trusted email accounts to deceive individuals within an organization. The primary goal of BEC attacks is to fraudulently obtain money, sensitive information, or access to systems. BEC attacks can take various forms, but they typically involve a few common steps.