Business Email Compromise (BEC) scams are a form of cybercrime where attackers impersonate executives, employees, or trusted partners to manipulate businesses into transferring funds or sensitive data. These scams rely on social engineering, email spoofing, and hacking to deceive victims.

How It Can Happen:
BEC scams occur when attackers gain access to or mimic a legitimate business email account. They often request urgent payments, fake invoice approvals, or wire transfers. Employees, unaware of the fraud, unknowingly send funds to the scammer’s account.

​Example:
A finance officer receives an email appearing to be from the CEO, urgently requesting a $50,000 wire transfer. Without verification, the money is sent—only to realize later that it was a scam.​

How to Protect Yourself:

• Verify email requests by calling the sender.
• Enable two-factor authentication (2FA).
• Train employees to spot phishing emails.
• Use email security tools to detect spoofing.