Business Email Compromise

From EverybodyWiki Bios & Wiki

Business Email Compromise (BEC) is a type of email spoofing scam targeting companies who conduct wire transfers and have suppliers abroad.[1] The scam is carried out by compromising legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.[2] The FBI reported in August 2015 that between October 2013 and August 2015 more than 7,000 U.S. companies were victimized—with total dollar losses exceeding $740 million.[3]


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