Can You Recognize A Business Email Compromise Scam?
Do you know how to protect yourself against business email compromise? Cybersecurity technology won’t protect you - it comes down to what you know.
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Business Email Compromise Protection In St. Louis
Do you know how to protect yourself against business email compromise? Cybersecurity technology won’t protect you – it comes down to what you know.
Business Email Compromise is a social engineering technique used by cybercriminals in which they pose as a business or member of a company to execute fraudulent payments.
In layman’s terms, a cybercriminal will write an email pretending to be from your credit union, and request that a payment be processed – instead of to a legitimate source, the payment will go to them.
A popular form of Business Email Compromise is CEO Fraud. This is a form of Business Email Compromise where a cybercriminal impersonates a high-level executive (often the CEO). Once they convince the recipient of the email (employee, customer or vendor) that they are legitimate, they then attempt to get them to transfer funds or confidential information.
Business Email Compromise can be carried out in several ways:
How Can You Protect Your Business From Business Email Compromise?
1. Defend Your Organization
2. Have Your Personnel Contribute To Cybersecurity
No matter how good your prevention steps are, breaches are inevitable. User education plays a big part in minimizing the danger, so start here:
3. Keep An Eye Out For Warning Signs
Security Awareness Training should include teaching people to look for red flags. Here are the most common things to watch out for:
4. Test Against Phishing
In the end, the key to this type of cybercrime methodology is that it doesn’t rely on digital security vulnerabilities or cutting edge hacking technology; phishing targets the user, who, without the right training, will always be a security risk, regardless of the IT measures set in place.