Do You Know Who Sent the Email: Business Email Compromise

Business Email Compromise (BEC) scam, criminals send/target an email message that appears to come from a known source making a legitimate request. During the attack, cyber-criminals fool employees into executing unauthorized wire transfers or disclosing confidential information.

BEC “is one of the most financially damaging online crimes,” according to a joint Cybersecurity Advisory by the Federal Bureau of Investigation (FBI), the Food and Drug Administration Office of Criminal Investigations (FDA OCI), and the US Department of Agriculture (USDA).  Check out FBI Business Email Compromise page..

BEC damages can include . . .

• Money loss as fraud wire transfer
• Reputation loss for the CEO/CFO and the organization
• Termination of the CEO/CFO
• Lawsuits against CEO/CFO and victim executives
• Loss of customer trust

A Business Email Compromise Scheme IMPOSES a HIGHER RISK as well as DAMAGE to the organization at a HIGHER level.

Don’t let your company become the next victim, educate your employees. Your users need to watch for suspicious content and be kept up to date on the latest attack trends. It’s not a one and done deal . . .employees must have continual security training and aware of the latest potential attacks.

Security Awareness Training can help train and remind your employees of dangers like Business Email Compromise (BEC) scam - CorpInfoTech can help.

Corporate Information Technologies provides small to mid-market organizations with expert I.T. services including compliance assessment, cybersecurity penetration tests, and comprehensive business continuity planning services. Corporate Information Technologies can help organizations, quantify, create, refine, and mitigate the risks presented by business threatening disasters in whatever form they may be disguised. 

Don’t Gamble With Your Security