Business Email Compromise (BEC) is a sophisticated scam targeting businesses that regularly perform wire transfer payments. One of the greatest challenges associated with BEC is that it covers a range of inter-related and rapidly-evolving scams, but all BEC attacks have two common components:
As all BEC attacks involve funds being sent to an unintended recipient, the key to combating this type of scam is to build robust controls around the beneficiary change.
"To learn more about Business Email Compromise and how to
protect against it,watch the following brief video."