It’s very simple. Business email compromise (BEC) is very exploitative, financially damaging because this attack takes advantage of us relying heavily on emails.
BECs are basically phishing attacks designed to steal money from a company.
People who work in business related fields, or are related to large and potentially vulnerable business corporations/entities.
In particular, company employees who own email addresses under corporate email servers are the most vulnerable, but other related entities can be affected just as equally, albeit indirectly.
Attackers and scammers can perform a variety of actions, such as spoofing internal email addresses (like an employee’s business provided business email), and sending malicious emails from spoofed email addresses.
They can also send generic spam / phishing emails to business email addresses, in hopes of invading and infecting at least one user within the corporate email system.
There are many precautions you can take to prevent a BEC:
Phishing simulations are programs/situations in which companies test the vulnerability of their own email networks by simulating phishing techniques (sending spear phishing / scam emails) to test to see which employees are vulnerable to an attack.
Phishing simulations show employees what common phishing tactics look like, and teaches them how to deal with situations involving common attacks, lowering the chance that a business’s email system becomes compromised in the future.
You can easily learn more about BEC by googling it or by visiting the websites provided below for an in depth overview of BEC.
Hailbytes
9511 Queens Guard Ct.
Laurel, MD 20723
Phone: (732) 771-9995
Email: info@hailbytes.com