{"id":9293,"date":"2023-12-14T17:33:07","date_gmt":"2023-12-14T22:33:07","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=9293"},"modified":"2023-12-14T17:33:10","modified_gmt":"2023-12-14T22:33:10","slug":"business-email-compromise-bec-scam","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/business-email-compromise-bec-scam\/","title":{"rendered":"Business Email Compromise (BEC) Scam"},"content":{"rendered":"\n
A Business Email Compromise (BEC) scam is a sophisticated type of cyber fraud targeting businesses with the aim of tricking them into sending money to accounts controlled by criminals. This scam involves fraudsters impersonating corporate executives, suppliers, or other trusted sources via compromised or fraudulently created email accounts.<\/p>\n\n\n\n
How BEC Scams Work:<\/strong><\/p>\n\n\n\n Perpetrators:<\/strong> Predominant Areas:<\/strong> Two Examples of BEC Scams:<\/strong><\/p>\n\n\n\n These scams can result in significant financial losses for businesses and are challenging to trace due to the sophisticated tactics used by scammers to conceal their identities and location.<\/p>\n","protected":false},"excerpt":{"rendered":" A Business Email Compromise (BEC) scam is a sophisticated type of cyber fraud targeting businesses with the aim of tricking them into sending money to accounts controlled by criminals. This scam involves fraudsters impersonating corporate executives, suppliers, or other trusted sources via compromised or fraudulently created email accounts. How BEC Scams Work: Perpetrators:BEC scams are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3611,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":" A Business Email Compromise (BEC) scam is a sophisticated type of cyber fraud targeting businesses with the aim of tricking them into sending money to accounts controlled by criminals. This scam involves fraudsters impersonating corporate executives, suppliers, or other trusted sources via compromised or fraudulently created email accounts. How BEC Scams Work: Email Account Compromise: The scam begins with the compromise of a business email account through phishing, social engineering, or other hacking methods. Impersonation: Once an email account is compromised, the scammer poses as a company executive, employee, or a trusted vendor. Deceptive Requests: The fraudster then sends emails…<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":" A Business Email Compromise (BEC) scam is a sophisticated type of cyber fraud targeting businesses with the aim of tricking them into sending money to accounts controlled by criminals. This scam involves fraudsters impersonating corporate executives, suppliers, or other trusted sources via compromised or fraudulently created email accounts. How BEC Scams Work: Email Account Compromise: The scam begins with the compromise of a business email account through phishing, social engineering, or other hacking methods. Impersonation: Once an email account is compromised, the scammer poses as a company executive, employee, or a trusted vendor. Deceptive Requests: The fraudster then sends emails…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"\n\n
BEC scams are usually carried out by organized cybercrime groups. These groups are often sophisticated, using advanced methods to avoid detection and targeting businesses of various sizes across different industries.<\/p>\n\n\n\n
BEC scams are a global issue, affecting businesses worldwide. However, they are particularly prevalent in regions with high business activities or where there is a significant presence of international companies, such as the United States, Europe, and parts of Asia.<\/p>\n\n\n\n\n