Email is a vital part of running a business, but with its benefits come risks. One of the most significant dangers today is Business Email Compromise (BEC), a type of scam that’s becoming alarmingly common. Protecting your emails isn’t just good practice—it’s essential for safeguarding your business.
What Is a BEC Attack?
In a BEC attack, scammers impersonate high-level staff, such as CEOs, executives, or IT personnel. They aim to trick employees into sharing sensitive information or transferring money. Shockingly, nearly 90% of these attacks involve this type of impersonation.
It’s easy to see how someone might fall for these scams. An email that seems to come from a trusted boss or colleague can prompt quick action without much second-guessing.
Why BEC Is a Growing Threat
BEC attacks have surged this year, especially in the last quarter. Researchers analyzed 1.8 billion emails globally and found 208 million malicious ones. Over half (58%) of these were BEC attempts. That makes BEC scams the number one email threat to businesses right now.
Scammers often target employees lower in the hierarchy, who may not feel comfortable questioning authority or might be less familiar with cybersecurity risks. This makes it crucial for all team members to be vigilant.
Other Email Threats to Watch
While BEC attacks are on the rise, they’re not the only danger. Scammers still use methods like phishing and commercial spam to steal login details and other personal information. Together, these scams now outpace traditional ransomware and malware threats.
How to Protect Your Business
The good news? Protecting your business doesn’t have to be expensive or complicated. Here’s what you can do:
By staying alert and informed, you can significantly reduce the risk of falling victim to these scams. Don’t let scammers catch your business off guard.
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