Business Email Compromise Attack

Employee education is vital.

Business email compromise attack. Business email compromise bec is a form of phishing attack in which a cyber attacker impersonates a high level executive often the ceo. What is business email compromise bec. Business email compromise bec attacks are among the most effective forms of phishing in our modern world.

Business email compromise bec is a type of phishing scheme in which an attacker impersonates a high level executive and attempts to trick an employee or customer into transferring money or. Business email compromise bec man in the email attack. Business email compromise bec also referred to as a man in the email or man in the middle attack is a specific form of phishing where cyber criminals spoof the email addresses of an organization s executive most of the times c level to defraud the organization s employees partners etc.

From there they then attempt to get to an unsuspecting employee customer or vendor to transfer funds or confidential information. Bec also known as ceo impersonation is defined as a form of phishing attack where a cybercriminal impersonates an executive and attempts to get an employee customer or vendor to transfer funds or sensitive information to the phisher. Examples include invoice scams and spear phishing spoof attacks which are designed to gather data for other criminal activities.

In some cases an attacker simply creates an account with an email. Most common types of business email compromise bec attacks. Business email compromise attacks are a form of cyber crime which use email fraud to attack commercial government and non profit organizations to achieve a specific outcome which negatively impacts the target organization.

Bec attacks commonly target the members of staff in an organisation with the authority to both instruct and action financial payments. Business email compromise bec is one of the most financially damaging online crimes. Business email compromise bec attacks are arguably the most sophisticated of all email phishing attacks and some of the most costly.

Understanding what a business email compromise attack looks like and its associated risks is the first step in safeguarding your business against this type of fraud. Consumer privacy breaches often occur as. A business email compromise bec is an exploit in which the attacker gains access to a corporate email account and spoofs the owner s identity to defraud the company or its employees customers or partners of money.