Business Email Compromise
It’s important that your employees know how to recognize phishing emails. However, business email compromise (BEC) scams are more sophisticated than traditional phishing attacks — and much harder to detect.
Unlike typical phishing emails that are characterized by unknown senders, grammar and spelling mistakes, and suspicious links and attachments, BEC emails appear to come from familiar entities.
The most common BEC scams are ones that impersonate a company’s CEO or financial adviser to request fake wire transfers. Your business could suffer major financial losses if it fell victim to a BEC attack. Most often, BEC scams are not discovered until it’s too late. As a result, lost funds resulting from the scams are nearly impossible to recover. Continue reading