1 November 2019
Business Email Compromise
According to internet security company, Webroot Inc, business email compromise is up 100% this year and has caused over $26 billion in losses over the past 3 years. Business email compromise is on the rise with email conversation hijacking and deep fakes targeting individuals for sending payments using spoofed or hacked email accounts impersonating employees / executives.
The key to overcoming BEC is a holistic approach through management buy-in, technical tightening, staff training and payment protocols and controls.