Business Email Compromise (BEC)

Business Email Compromise (BEC) is a form of fraud where attackers impersonate a company executive or trusted partner to trick employees into transferring money or sensitive information. This often happens through email, where the fraudster uses fake addresses or hacked accounts to create convincing messages. Since BEC schemes rely on social engineering rather than technical hacking, they can be difficult to detect. Victims may lose significant amounts of money, making it crucial for businesses to educate employees about recognizing suspicious emails and verifying requests for financial transactions or sensitive information.