Inside Business Email Compromise: Tactics and Real Costs
📧 Business email compromise (BEC) is a targeted fraud where attackers impersonate executives, vendors, or partners to trick employees into wiring funds or revealing sensitive data. Last year BEC caused $2.7 billion in losses and increasingly uses techniques like AI-based voice/text cloning, QR-code scams, and conversation hijacking. These attacks often require no malware, relying instead on reconnaissance and trust. Defenses include multi-factor verification, approval tiers, employee training, and advanced email authentication and detection.
