What is Business Email Compromise?

October is Cybersecurity month. This month we have been featuring a series of blogs for your education of the on-line dangers and how to make safe choices.

A type of phishing attack that is occurring in all 50 states in the US and internationally is Business Email Compromise. The financial costs are high and it is important that you be aware of this treat so as not to become a victim.

What Is Business Email Compromise?

A business email compromise attack — also known as a BEC attack — is a type of phishing attack in which a cybercriminal impersonates a high-level executive or other trusted contact and uses social engineering techniques to trick an email recipient into transferring funds into a fraudulent account

How does BEC attack happen?

BEC attacks are often highly sophisticated and carefully planned, making it difficult for a target to identify the scam. Cybercriminals generally follow a pattern like the following:

  • Research their target
  • Lay the groundwork – build relationships
  • Set the trap
  • Steal the funds

For more information about Business Email Compromise, reference the infographic by Wombat Security. 

Click Here

Take time to share this information with friends and colleagues. Be a proactive participant in this month’s Cybersecurity awareness efforts.

To best review ways to protect you and your business’s information, confer with an expert. An agnostic technology agent or consultant can ask the right questions to determine what you need, help you gain a deeper overview of the wide range of solutions available and how each one fits in with what you’re trying to accomplish. In addition to assisting you with procurement, they can also handle ongoing care.

About Simplicity

Simplicity VoIP, based in Richmond, VA, provides hosted PBX, VoIP and business telephone solutions nationally to small, medium, and enterprise-level businesses for a comprehensive unified communications experience. Two distinct Class 5 geo-redundant VoIP platforms are offered in addition to fax-to-email, phones and equipment, and managed services. Named as Richmond’s 11th fastest growing company by Richmond BizSense, Simplicity VoIP’s key to success is its on-site service, installation and training supported 24/7/365 by a world-class client services team.