Business Email Compromise AFP Cybercrime Series.
Business Email Compromise (BEC) is a type of cybercrime that targets businesses and their customers. It is a form of social engineering that uses email as a means of deception to steal money, data, or sensitive information from businesses or individuals. BEC scams have become increasingly sophisticated, and as a result, have become one of the costliest forms of cybercrime.
In order to protect your business and customers from BEC scams, you should take steps to ensure the security of your email accounts. This includes setting up strong passwords, using two-factor authentication, and monitoring all email accounts for suspicious activity. Additionally, you should be aware of the common tactics used by BEC scammers, such as spoofing emails, domain name hijacking, and phishing. Make sure you and your team are educated on these tactics and are able to identify them.
Furthermore, it is important to ensure that all of your customers are aware of the risks and potential danger posed by BEC scams. Educate them on the common tactics used by BEC scammers and the steps they can take to protect themselves. Additionally, you should provide them with clear instructions on how to contact you should they become a victim of a BEC scam.
If you become a victim of a BEC scam, the first step you should take is to contact your bank or financial institution and report the incident. Additionally, you should contact the local police and file a report. Finally, you should make sure to contact the Federal Trade Commission and report the incident to them as well.
In conclusion, Business Email Compromise scams are becoming increasingly sophisticated, and it is important to take steps to protect your business and customers from them. Make sure you and your team are aware of the common tactics used by BEC scammers and are able to identify them. Additionally, make sure your customers are aware of the risks and potential danger posed by BEC scams. Finally, if you become a victim of a BEC scam, be sure to contact the relevant authorities and report the incident.