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The Rise of Business Email Compromise

05.01.2021
News

Email is the most important business communication tool—and simultaneously, the most used for cyber attacks.

Business Email Compromise's (BEC) ability to trick unsuspecting employees by those impersonating your CEO or other executives has cost companies $5.3 billion globally according to the FBI.

How it works

Adversaries create targeted messages and add unique details about either the person they are posing as, and/or the person they are attacking, to add legitimacy to the request.

Who can be affected?

Any organisation, from small to large enterprises can fall victim to BEC. Both Facebook and Google have been victims of BECs and wire fraud.

How can you protect your organisation?

Any organisation, from small to large enterprises can fall victim to BEC. So how can you protect your business from BEC?

1. Educate your users

Encourage users to think twice about emails that demand unusual requests.

2. Consider Threat Tools

Sender Policy Framework (SPF) can block emails with spoofed addresses.

If you would like to learn more about how to protect your business from email based threats, contact us today

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