Introduction
Business Email Compromise (BEC) attacks continue to cause millions of pounds in losses every year.
Unlike ransomware, BEC attacks often rely on deception rather than technical sophistication.
How It Works
An attacker compromises an account or impersonates a trusted contact.
They then request:
- Bank detail changes
- Invoice payments
- Gift card purchases
- Sensitive information
- Warning Signs
Look for:
- Urgency
- Secrecy
- Unusual payment requests
- Changes to payment details
Prevention
Businesses should implement:
- MFA
- User awareness training
- Payment verification processes
- Email protection technologies
Conclusion
A simple verification procedure can prevent significant financial loss.