BEC is a type of cyberattack where attackers deceive victims through emails, pretending to be trusted individuals or organizations. The goal is to trick victims into transferring funds or sharing sensitive information.
In a BEC attack, the attacker might impersonate a high-ranking executive or trusted business partner. They carefully craft the email to look authentic, using tactics like faking the sender’s address or copying the writing style of the person they are impersonating. The email may ask for urgent action, like wiring money to a fake account or sharing confidential data.
BEC attacks exploit human vulnerabilities, like trust and authority, using social engineering to manipulate victims into bypassing security measures.
To protect against BEC attacks, organizations need strong security measures and should educate employees about the risks and signs of these attacks. Here are some best practices:
Regularly train employees on the best ways to stay safe online, like how to spot and report suspicious emails or requests.
Use email authentication protocols (like DMARC, SPF, and DKIM) to stop email spoofing and phishing attempts.
Make employees use MFA when they need to access sensitive systems or do important things (like approving money transfers).
Have strict rules for checking and approving financial transactions, like needing multiple approvals and verifying things in more than one way.
Check that new vendors or suppliers are real before doing any financial transactions with them.
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