Business Email Compromise (BEC) scams have cost organizations $5.3 billion and counting. Financial organizations must understand what BEC attacks are, how criminals use BEC attacks to divert funds from targeted banks, and how to prevent these types of fraud. This FS-ISAC use case shows a real-life wire-fraud BEC attack to demonstrate:

  • The four types of BEC scams: fake invoice, CEO/CFO wire fraud, fake lawyer, and human resources;
  • Best practices for preventing BEC-related fraudulent transactions; and
  • How to protect your organization from BEC attacks.

Business Email Compromise (BEC) scams have cost organizations $5.3 billion and counting. Financial organizations must understand what BEC attacks are, how criminals use BEC attacks to divert funds from targeted banks, and how to prevent these types of fraud. This FS-ISAC use case shows a real-life wire-fraud BEC attack to demonstrate:

  • The four types of BEC scams: fake invoice, CEO/CFO wire fraud, fake lawyer, and human resources;
  • Best practices for preventing BEC-related fraudulent transactions; and
  • How to protect your organization from BEC attacks.
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