Inside business email compromise attack: Real-world examples | TechTarget
Business email compromise attacks have become some of the most costly and damaging threats facing organizations today. BEC attacks differ from traditional phishing schemes in that they rely on highly targeted social engineering tactics that exploit human psychology rather than technical vulnerabilities. Such attacks can result in significant financial losses, legal repercussions and operational disruptions -- making it imperative for organizations to mitigate them.
Types of BEC attacks
BEC attacks deceive victim employees into transferring money or sharing sensitive company data. These highly targeted attacks often involve extensive research by cybercriminals and the observation of organizational email correspondence to mimic legitimate users and successfully execute their exploits.
Common BEC attack scenarios include:
- CEO/executive fraud. Attackers impersonate a company executive and instruct the targeted staff to make urgent wire or other related financial transfers.
- Invoice alteration.Cybercriminals pose as a trusted vendor or business partner, requesting that payments be redirected to...
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