Business Email Compromise (BEC) is a targeted cyber attack where criminals impersonate business executives or trusted partners through email to deceive employees into transferring funds or sharing sensitive information.
Attack Methods
- Executive impersonation
- Account compromise
- Domain spoofing
- Social engineering
- Phishing tactics
Common Targets
- Financial staff
- HR departments
- Executive assistants
- Supply chain
- Client relationships
Warning Signs
- Urgent requests
- Payment changes
- Unusual timing
- Grammar errors
- Pressure tactics
Prevention Strategies
- Email authentication
- Staff training
- Verification protocols
- Security policies
- Access controls
Security Measures
- Multi-factor auth
- Email filtering
- Domain protection
- Payment verification
- Activity monitoring
Best Practices
- Double verification
- Call confirmation
- Policy enforcement
- Regular training
- Incident response
BEC attacks can result in significant financial losses for organizations.