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Threat Intelligence

6/13/2019
01:30 PM
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7 Truths About BEC Scams

Business email compromise attacks are growing in prevalence and creativity. Here's a look at how they work, the latest stats, and some recent horror stories.
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Last summer, the US Federal Bureau of Investigations (FBI) sounded a loud alarm for organizations about the growing danger of business email compromise (BEC) scams. At that time, the FBI said BEC fraud had cost organizations worldwide $12 billion in losses since 2013.

Since then, the threat has continued to grow more dire. Security industry researchers have shown BEC scams are increasing in scope and complexity as attackers perfect their attack playbooks to target an increasing number of victims around the globe.

Here, Dark Reading takes a look at how BEC scams work, the latest statistics on BEC prevalence, and some recent BEC horror stories that should help security professionals and users prepare themselves for this growing class of fraud.

 

Ericka Chickowski specializes in coverage of information technology and business innovation. She has focused on information security for the better part of a decade and regularly writes about the security industry as a contributor to Dark Reading.  View Full Bio

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SoggyToaster
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SoggyToaster,
User Rank: Apprentice
6/14/2019 | 6:02:24 AM
Click-through slideshows are terrible...
...so why did you slice this article up into 8 parts, then make me click through to read it? Oh, wait... I didn't. I bailed out halfway through. Please just post articles, not annoying listacles. =(
jared333
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jared333,
User Rank: Apprentice
6/14/2019 | 12:29:25 PM
Listacles
AD VEVENUE BABY
hotmail123
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hotmail123,
User Rank: Apprentice
6/16/2019 | 10:04:07 PM
very good
I am so happy to read this. This is the kind of manual that needs to be given and not the random misinformation that's at the other blogs.
jenkinsla2
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jenkinsla2,
User Rank: Apprentice
6/18/2019 | 5:06:44 AM
Re: very good
Exactly! Thank you very much for this great article.
Sophie1526893718477220675
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Sophie1526893718477220675,
User Rank: Apprentice
6/21/2019 | 3:58:59 AM
Great post
I really admire your efforts. These are really beautiful. I have totally agreed with you. Thanks for providing such information.
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