Protecting Your Business from Business Email Compromise (BEC) Attacks

Business Email Compromise (BEC) attacks have seen a significant rise, with an 81% increase in 2022, yet only 2% of employees report the threat. These scams, often sophisticated and difficult to detect, target businesses and individuals involved in wire transfer payments, resulting in substantial financial losses and reputational harm. To combat BEC attacks, organisations must educate employees, implement email authentication protocols, and establish robust payment verification processes.