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- Cybercriminals craft convincing emails that appear to come from the CEO, often requesting urgent wire transfers or sensitive information. These emails exploit the executive's authority and the request's urgency, pressuring employees to act quickly without verification.
www.paloaltonetworks.com/cyberpedia/what-is-business-email-compromise-bec-tactics-and-preventionWhat is Business Email Compromise (BEC)? - Palo Alto Networks
Business email compromise (BEC) is a type of cybercrime where the scammer uses email to trick someone into sending money or divulging confidential company info. The culprit poses as a trusted figure, then asks for a fake bill to be paid or for sensitive data they can use in another scam.
Business Email Compromise (BEC) Also known as CEO fraud or "business executive" scam, the BEC scam relies on spear-phishing which is a highly targeted tactic that criminals use to gain knowledge of and steal from a business and/or its employees.
- Identify Your High-Risk Users. These include C-level executives, HR, Accounting and IT staff. Impose more controls and safeguards in these areas including
- Institute Technical Controls. Email filtering. Two-factor authentication. Automated password and user ID policy enforcement. Comprehensive access and password management.
- Set A Security Policy. Every organization should set security policy, review it regularly for gaps, publish it, and make sure employees follow it. It should include such things as
- Develop Standard Procedures. IT should have measures in place to: Block sites known to spread ransomware. Keep software patches and virus signature files up-to-date.
Business email compromise, or BEC, is a spear-phishing email scam that attempts to steal money or sensitive data from a business. In a BEC attack, a cybercriminal (or cybercriminal gang) sends employees of the target organization emails that appear to be from a fellow employee, a vendor, partner, customer or other associate.
In a BEC scam—also known as email account compromise (EAC)—criminals send an email message that appears to come from a known source making a legitimate request, like in these examples: A...
Business Email Compromise (BEC) is a type of scam in which threat actors exploit vulnerabilities in email systems. They often impersonate trusted figures in an organization (CEOs, financial officers, etc.) to manipulate employees into transferring funds or revealing sensitive information.
People also ask
What is CEO fraud?
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How do I get a business Email Compromise scam?
A business email compromise is a type of phishing attack that tricks unsuspecting executives or employees into transferring funds to fraudulent accounts.
