What is BEC?

Business Email Compromise (BEC) is a sophisticated scam targeting both businesses and individuals performing a transfer of funds. The scam is frequently carried out when a subject compromises legitimate business e-mail accounts through social engineering or computer intrusion techniques resulting in an unauthorized transfer of funds.

Stay Protected

To remain on guard against BEC, follow the tips below:

Use secondary channels or two-factor authentication to verify requests for changes in account information with the intended recipient.

Verify the email address used to send emails, especially when using a mobile or handheld device, by ensuring the sender's address appears to match who it is coming from.

Ensure the settings in yours or your employees' computers are enabled to allow full email extensions to be viewed.

Monitor your personal financial accounts on a regular basis for irregularities, such as missing deposits.