Personal cyber security habits keep company away from BEC schemes
According to the figures from FBI, Business Email Compromise (BEC) schemes have caused at least $3.1 billion in total losses to approximately 22,000 enterprises around the world.
The Business Email Compromise as a sophisticated email scam that targets large, medium and small size businesses who work with foreign company and familiar with wire transfer.
Formerly known as the Man-in-the-Email scam, BEC typically starts when CEO’s email accounts are compromised and spoofed, with the fraudster sending emails to a financial employee instructing them to wire large sums of money to foreign accounts.
Every organization is receiving BEC scam emails every single day. How to protect against the BEC scams?
Educate employees is the most effective way of protecting companies against BEC scams
Always question any emails requesting actions that seem unusual or aren’t following normal procedures
Users shouldn’t reply to any emails that seem suspicious.
Use multi-level authentication for initiating bank transfers
A good personal security behavior can prevent the losses from BEC attack, training and education employee are also very important to against cyber-attack.