Cyber Security Month Awareness Tips - BEC: The Scam That Cost $2.1B in Losses

Written by HoganTaylor | Oct 24, 2023 6:37:00 PM

October is Cyber Security Month. Each week, we’ll bring you tools and pertinent information to help keep you and your organization safe from cyber-attacks.

Business Email Compromise (BEC) is now one of the most prevalent threats globally, resulting in nearly $2.4 billion lost in 2021. BEC tactics typically involve impersonating a company executive, HR representative, or a trusted vendor to initiate fraudulent transactions—exploiting the trust of would-be victims.

Here are some tips the FBI published to help identify BEC:

  • Be skeptical of oddball and last-minute requests and verify them ASAP
  • Doublecheck that URLs are legitimate and be alert of misspellings
  • Pay attention to strange behavior, like a colleague being online during their off days

Download the full list of cyber security tips below.

 

 

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INFORMATIONAL PURPOSE ONLY. This content is for informational purposes only. This content does not constitute professional advice and should not be relied upon by you or any third party, including to operate or promote your business, secure financing or capital in any form, obtain any regulatory or governmental approvals, or otherwise be used in connection with procuring services or other benefits from any entity. Before making any decision or taking any action, you should consult with professional advisors.