5 ways to mitigate the risks of business email compromise attacks

Focus on five

In an increasingly common scam known as business email compromise (BEC), cyber thieves are posing as company employees or vendors to commit wire transfer fraud. The scam exposes firms of all sizes to heavy financial risks and losses. Read Deloitte’s recommendation on five ways to mitigate the risks of BEC attacks.

Explore the five ways to mitigate the risks of BEC attacks

Our take

BEC is a criminal phenomenon with potentially severe consequences. More likely than not, these types of attacks will continue to rise, both in frequency and losses to the companies that fall victim.

The majority of BEC criminals live and operate outside of the United States, making it difficult for law enforcement to prosecute them. As a result, prevention and detection are imperative. Now is the time for companies to educate themselves about BEC, train their employees, and create an environment that encourages compliance. Together with hardened networks and optimized controls, these measures provide organizations with the advantage they need to keep BEC at bay.