( Business Email Compromise – Article ) ( Articles ) ( Business Email Compromise ) Business Email Compromise Introduction Business Email Compromise (BEC) is a sophisticated form of cybercrime that targets businesses, often resulting in significant financial losses. BEC scams exploit the reliance on email for business communications, manipulating employees into transferring money or sensitive information under false pretenses. […]
Category: Business Email Compromise
Business Email Compromise (BEC) is a sophisticated cybercrime targeting organizations by exploiting their reliance on email for communications, leading to significant financial losses. Attackers impersonate company executives or trusted partners, often using spoofed email addresses, urgency, and social engineering tactics to deceive employees into making unauthorized transactions or revealing sensitive information. The impact of BEC can be devastating, resulting in financial losses, reputational damage, and potential legal consequences. To mitigate this risk, businesses should implement preventive strategies such as employee training, multi-factor authentication, email filtering, verification procedures, and regular security audits. Staying informed and proactive is essential in protecting organizations from the growing threat of BEC.