Tag: BEC

1. Introduction CEO fraud is the best-known form of Business Email Compromise (BEC): an email that appears to come from senior management orders an urgent transfer, and the victim executes it. But BEC is much more than that final click: it is an industrialized fraud that in 2024 exceeded ransomware in direct economic damage, according to FBI IC3 statistics, and it targets mainly the company’s payment process. In this article we explain how it works, why the corporate mailbox is the stage of the fraud and which eight controls your company needs before an employee presses “accept transfer”. The goal …