Business Email Compromise (BEC) is one of the most common threats today. It employs tactics like impersonating an executive, HR, or a trusted vendor to initiate fraudulent transfers of money. According to the FBI, $1.7 billion was lost to BEC in 2019 alone.
Last-minute changes in wiring instructions or recipient account information must be verified.
Verify any changes and information via the contact on file—do not contact the vendor through the number provided in the email.
Ensure the URL in the email is associated with the business it claims to be from.
Be alert to misspelled hyperlinks in the actual domain name.
Verify the email address used to send emails, especially when using a mobile or handheld device, by ensuring the sender’s email address appears to match who it’s coming from.
Often there are clues with Business Email Compromise:
If something looks awry, report it to us or a supervisor. And if you have been a victim of BEC, file a detailed complaint with http://www.ic3.gov.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.