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Security Alert: Business Email Attacks Are on the Rise

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:

  • Train your team: Ensure every employee knows to pause and think before acting on an email, especially if it asks for sensitive information or financial transactions.
  • Verify requests: If an email feels urgent or unusual, encourage your team to double-check with the supposed sender through a separate communication channel.

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.

Rivercity Tech
Article Written by Rivercity Tech

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