Cyber Byte: Business Email Compromise

23.01.25

Community

Business email compromise (BEC) is when a criminal accesses a work email account to trick someone into transferring money, or to steal valuable data. Commonly, BEC attacks are usually directed at senior staff or team members that can authorise financial transactions.

Analysis* in 2024 revealed that out of 1.8 billion emails globally, 208 million were malicious. Of these BEC scams accounted for 58% of phishing attempts and heavily relied on impersonating authority figures such as CEOs and IT staff, representing 89% of these attacks.

Gerry Grant-ACCA

Conor Agnew-Closed Door Security

Chris Whitley-Check Point

Register for our free webinar using the button below, to find out more about BEC threats to your organisation and tips to identify and effectively handle a potential attack.

* https://securitybrief.co.uk/story/business-email-compromise-scams-dominate-q3-2024-threats#:~:text=Of%20these%2C%20BEC%20scams%20accounted,to%2010%25%20in%20Q3%202024.