When we think of business email compromise (BEC), the first thing that comes to mind is likely an executive spoof—an email sent to an employee from someone pretending to be the CEO or other high-profile executive.
There is no denying that business email compromise (BEC) is big business, with losses exceeding a billion dollars in the United States in the last year alone. Globally, BEC attacks have cost more than $13 billion in the last five years. Chances are likely that you’ve probably been a recipient of one of these social-engineered emails yourself. But the question remains… who is behind these increasingly sophisticated email attacks, and why did they become so popular in recent years?
With Valentine’s Day celebrated around the world, today is a day full of love and joy—especially for those in committed relationships. People around the globe are celebrating their relationships by sending flowers and chocolates, enjoying fancy dinners, and writing love notes in greeting cards. Unfortunately, not all relationships are legitimate, and not everyone sees today as a celebration of love.