What is business email compromise—and why should you care?

The threat of Business Email Compromise (BEC) attacks is on the rise, with over 50% of social engineering incidents now being BEC attacks. These sophisticated scams involve sending emails to business email addresses that spoof a trusted source and request routine work-related information or actions. The FBI attributes $3 billion of its estimated total cyber attack losses to BEC attacks, making them a significant concern for businesses. To defend against BEC attacks, employees need cybersecurity training on phishing and social engineering awareness, as well as training on common BEC scenarios and how to detect pretexting. Companies should also review permission levels, segment their network, keep software up to date, and use end-point security and email filtering software. In the event of a suspected BEC attack, reporting to financial institutions and law enforcement can help prevent transactions from completing and recover lost funds. Maintaining good cybersecurity hygiene is essential to protecting businesses from these ever-evolving threats.

No tracked trend matches for this post yet.

Use this post, company, and trend context to find content marketing opportunities, perform competitive analysis, or address product feature gaps via the Plushcap MCP server or the Plushcap API.