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Complete Story
01/11/2021
The 3 Most Common Types of BEC Attacks (And What You Can Do About Them)
Dark Reading
On the FBI's website "Scams and Safety" page, business email compromise (BEC) is defined as "one of the most financially damaging online crimes" and it's noted that these attacks cost companies "hundreds of thousands of dollars," on average.
Further, a recent APWG report found that the average loss of a wire transfer BEC attack was $80,183 in the second quarter of 2020 — a 32% increase over the first quarter.
While cyber professionals are familiar with what BEC attacks aim to achieve — primarily, financial but also reputational damages — myriad obtuse terminology is commonly used interchangeably with the greater phishing attack lexicon to render the sector of attacks confusing and difficult to categorize.
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