Cybersecurity Tip #10:

Business Email Compromise (BEC) attacks continue to be one of the leading causes of financial loss for businesses.

Rather than relying on malware, cybercriminals use impersonation and social engineering to trick employees into sending money, sharing sensitive information, or changing payment details.

Organizations that understand these tactics and establish verification procedures can significantly reduce their risk of becoming a victim.

Recognize Common Warning Signs

BEC attacks often appear legitimate at first glance.

Employees should be cautious of: 

• Unexpected payment requests 
• Changes to vendor banking information
• Requests for gift card purchases
• Urgent demands from executives
• Emails requesting confidential information

Cybercriminals frequently use urgency and authority to pressure employees into acting quickly without verification.

Verify Before You Act

Verification procedures are one of the most effective defenses against BEC.

Organizations should require employees to:

• Confirm payment requests verbally 
• Verify banking changes through known contacts 
• Follow approval workflows
• Report suspicious communications

A simple phone call can prevent a costly mistake.

Strengthen Email Security 

Technical controls can help stop many attacks before they reach employees.

Recommended protections include:

• Multi-Factor Authentication (MFA)
• Advanced email filtering 
• Domain protection technologies
• Account monitoring and alerting

These controls help reduce the likelihood of account compromise and impersonation.

Why It Matters

A single successful BEC attack can result in significant financial losses, operational disruption, and reputational damage.

Unlike many cyber incidents, stolen funds are often difficult or impossible to recover once transferred.