What to Know About Business Email Compromise (BEC) Scams

Business email compromise (BEC) is a dangerous type of email spoofing that targets businesses, aiming to damage them in some way. Overall, 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). Another report shows that 29% of Chief Information Security Officers (CISOs) involved cite BEC and phishing as posing the greatest danger to their enterprises. Although BEC is…