Resources

Explore our resources for actionable insights on data security and management

What is Business Email Compromise (BEC)?

Business Email Compromise (BEC) is a type of cybercrime where attackers user social engineering, spoofed or compromised email accounts to trick employees into transferring funds or sensitive data.

 

Unlike mass phishing campaigns, BEC attacks are highly targeted and often involve impersonating executives, vendors, or partners to exploit trust and bypass traditional security filters.

How BEC Works

BEC typically involves:

  1. Gaining access to a legitimate business email account — often through credential theft, phishing, or brute force

  2. Monitoring communications to understand how the organization operates (tone, timing, and finance processes)

  3. Launching a convincing email attack — posing as a trusted executive, customer, or vendor to:

    • Request wire transfers

    • Solicit confidential documents or employee data

    • Redirect invoice payments

    • Change payroll information

 

Attackers may also use lookalike domains (e.g., ceo@fas00.com) or compromise a real email account to make their messages appear legitimate.

Types of BEC Attacks

Type
Description
CEO Fraud
Impersonating a high-ranking executive to authorize urgent payments
Vendor Email Compromise
Hijacking a supplier’s account to send fraudulent invoices
Employee Impersonation
Requesting sensitive HR or payroll data
Account Takeover
Gaining full control of a user’s email and using it for internal fraud
Invoice Fraud
Sending fake invoices or payment detail changes to redirect funds

Why BEC is So Dangerous

  • Highly targeted and personalized

  • Bypasses traditional filters (no malware or obvious phishing indicators)

  • Leads to significant financial loss, data breaches, and compliance violations

  • Exploits human error and trust, not just technical vulnerabilities

How to Prevent Business Email Compromise

Technical Controls

  • Enable multi-factor authentication (MFA) for all email accounts
  • Use email authentication protocols like SPF, DKIM, and DMARC

  • Deploy AI-powered email security solutions that detect social engineering tactics

  • Monitor for unauthorized mailbox rules or logins

  • Isolate unknown or risky URLs and attachments

Employee Awareness

  • Train employees to spot fake email domains, urgent requests, or payment changes

  • Encourage verbal or secondary confirmation for sensitive actions

  • Create clear escalation paths for reporting suspicious messages

Data-Centric Security

  • Protect sensitive files and financial documents with persistent encryption and access control

  • Monitor document activity to detect abnormal usage or unauthorized sharing

  • Prevent unauthorized uploads to external services or AI platforms using DLP solutions

iSMG Data Security Summit: Dallas

May 15, 2025
Renaissance Dallas at Plano Legacy West Hotel

Join us at our session to learn more about data security, privacy, and governance in the age of LLMs.

Keep me informed