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.
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.