business email compromise
what is business email compromise?
Business email compromise leverages social engineering tactics with the purpose of gaining the confidence of an employee and convincing them to give up their credentials, change banking details, transfer funds or steal data.
According to the FBI, business email compromise monetary losses since 2015 are in the billions. It affects thousands of users every year and doesn’t discriminate between small, mid-sized and large businesses.
Everyone is at risk. Learn how to protect yourself.
social engineering tactics
Phishing
Sending fraudulent communications with an intent to steal login credentials, install malware or infiltrate an email account from an unsuspecting recipient.
Spoofing
Sending email messages with a forged sender address or domain name. Often this appears as a single-character difference. If the recipient’s mailbox has been compromised, spoofing is not required.
Spear Phishing
Targeted phishing that prioritizes decision-makers and those who handle money like executives and accountants.
Examples of Business Email Compromise:
- Bogus invoice scheme.
- CEO fraud.
- Account compromise.
- Attorney impersonation.
- Data theft.
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