Uploaded August 2019 | Updated September 2026, 1 week ago
Cybercriminals don't always use complicated technical attacks to get around your cybersecurity. Sometimes—probably more often than we care to admit—it's the really simple stuff that works and what's simpler than an email?
Business email compromise is a social engineer technique that raked in over a $1B in the US alone last year. In this scam, the criminals leverage fake business pressures to circumvent normal financial processes.
It's simple and it works.
References;
- a business in North Battleford, Saskatchewan lost $1.4 M in this type of scam, cbc.ca/news/canada/saskatoon/spence-equipment-fraud-sask-1.5256322
- the Ontario Provincial Police warn of an increase in "CEO email scams" province wide, ottawacitizen.com/news/local-news/police-warn-of-ceo-email-scams#click=https://t.co/OYhpIrCS33
- financial reporting on the scam in the US, cyberscoop.com/business-email-compromise-bec-fincen-report-2019
- basic attack facts from Trend Micro, trendmicro.com/vinfo/us/security/definition/business-email-compromise-(bec)
Cybercriminals don't always use complicated technical attacks to get around your cybersecurity. Sometimes—probably more often than we care to admit—it's the really simple stuff that works and what's simpler than an email?
Business email compromise is a social engineer technique that raked in over a $1B in the US alone last year. In this scam, the criminals leverage fake business pressures to circumvent normal financial processes.
It's simple and it works.
References;
- a business in North Battleford, Saskatchewan lost $1.4 M in this type of scam, cbc.ca/news/canada/saskatoon/spence-equipment-fraud-sask-1.5256322
- the Ontario Provincial Police warn of an increase in "CEO email scams" province wide, ottawacitizen.com/news/local-news/police-warn-of-ceo-email-scams#click=https://t.co/OYhpIrCS33
- financial reporting on the scam in the US, cyberscoop.com/business-email-compromise-bec-fincen-report-2019
- basic attack facts from Trend Micro, trendmicro.com/vinfo/us/security/definition/business-email-compromise-(bec)
