While the strategies fraudsters use inevitably vary depending on the type of scam being attempted, there are four steps typically involved in BEC fraud: Fraudsters research the business they plan to attack. Phishing, credential theft, or malware infections enable fraudsters to compromise an email acco...
Partnership against fraud “Although our clients may be doing all they can to keep themselves safe from cyber criminals, fighting fraud is not an easy task that any one organisation can take on alone, and the Bank is a supportive partner”, says Lisa. At Standard Chartered, we are committed...
Five types of Business Email Compromise to watch out for: CEO Impersonation: A fraudster impersonates a CEO, CFO, or another executive of a company by creating a fake email address that often looks legitimate or by hacking a real user’s account. Using this email address, they ask an ...
Don’t reply directly to the email Don’t use any phone numbers or other contact information included in the email If you suspect you’ve been a victim of a business email compromise fraud, please contact your local HSBCnetSupport Centre immediately. Compromission des courriels d’affaires : u...
The New Face of Fraud: 40% of Business Email Compromise (BEC) Emails Are AI-Generated Email Security BEC emails see a 20% year-on-year increase, malicious links increase by 74%, and malicious attachments double London, 31 July 2024 –VIPRE Security Group, a global leader and award-winning...
Protect Yourself from Business Email Compromise Attacks Raising the Security Level in Your Business What You Need to Know About Ransomware Is Your Business at Risk? Tips to Avoid Becoming a Victim of a Scam or Fraud Fraudsters impersonate banks, government entities, and vendors to get your money...
Business email compromise is a cybercrime where scammers use spear phishing via email to deceive employees into financial or data-related fraud. What Is Business Email Compromise (BEC)? BEC is an ever evolving and pervasive cyber threat that poses significant challenges to cybersecurity professionals...
PurposeTo explain the fraud schemes known as business email compromise (BEC) and executive impersonation that are growing in popularity, and the threat they pose to financial institutions.Design/methodology/approachThis article explains BEC and executive impersonation and how they are carried out, and ...
If you suspect that you have been targeted by a BEC email, report the incident immediately to law enforcement or file a complaint with theIC3. For more on protecting your organization from BEC schemes, readBattling Business Email Compromise Fraud: How Do You Start?
Business Email Compromise: The $26 Billion Scam This Public Service Announcement is an update and companion piece to Business Email Compromise PSA 1-071218-PSA posted on www.ic3.gov. This PSA includes new Internet Crime Complaint Center complaint information and updated statistics from October 2013...