Business E-mail Compromise (BEC) and E-mail Account Compromise (EAC) is a sophisticated scam targeting both businesses and individuals

Business Email Compromises

“BEC is a serious threat on a global scale,” said Special Agent Martin Licciardo, a veteran organized crime investigator at the FBI’s Washington Field Office. “And the criminal organizations that perpetrate these frauds are continually honing their techniques to exploit unsuspecting victims.”

Our Solution

Business email compromises (BEC) involve the manipulation of corporate communication channels to elicit fraudulent financial transactions. Most often, this is accomplished by gaining unauthorized access to computer networks, conducting reconnaissance, and targeting the individuals in the organization with the appropriate authority request or approve wire transfers. Attackers then craft emails ordering the transfer of funds to bank accounts held by their criminal organization. The funds are quickly laundered, making recovery difficult, if not impossible.

Business E-Mail Compromise. Cyber-Enabled Financial Fraud on the Rise Globally

Full-Scope Email Audit

In 2018 BEC attacks rose 133%. Financial losses are estimated at $12 billion a year. LIFARS can assist before the incident by assessing network security, implementing the appropriate policies and procedures, and recommending mitigation tactics. After a breach, LIFARS can help determine the initial access into the network, tactics of the adversaries, and infrastructure used to conduct the attack all in an effort to identify those responsible.

Multiple Countries Involved in Coordinated Law Enforcement Effort to fightn BEC

LIFARS industry leading experts

With industry leading experts in digital forensics and significant experience coordinating with financial institutions and law enforcement, LIFARS stands out as the premier cybersecurity firm to assist in preventing, detecting, and responding to business email compromises.

Don’t Be a Victim of BEC

Targeted malware, phishing attacks and socially-engineered impersonation attacks still reach employee inboxes.

The business e-mail compromise scam has resulted in companies and organizations losing billions of dollars. But as sophisticated as the fraud is, there is an easy solution to thwart it: face-to-face or voice-to-voice communications.

LIFARS experts in cybersecurity, risk management, and technical innovation help you meet your business and security objectives.

If your organization has been hacked contact LIFARS immediately
CALL TODAY! +1 212 222 7061