Business email compromise (BEC)This is a type of phishing (e-mail scam), particularly aimed at businesses and other organizations. It mostly involves social engineering, hacking, spoofing, wire transfer requests or impersonation of a business email address. The victim of a BEC attack receives an email that appears to come from a trusted business.
Different types of BEC are f.e.: CEO Fraud, Account Compromise, False Invoice Scheme, Lawyer Impersonation and Data Theft. The attackers goals are mostly money, account credentials and gift certificates.
We know BEC is a common cyberattack method, but because many BEC attacks go unnoticed there's no simple answer to the amount of attacks yearly and the damage it causes.