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Cybersecurity Update for Businesses

Check out our latest cybersecurity news!

Do you know what a Business Email Compromise Attack is?

BEC is a type of phishing attack that involves criminals impersonating an employee or executive at an organization or a trusted vendor, such as your bank, in order to gain access to funds or sensitive information. These attacks target small to medium sized businesses, not just large companies.

What Does a Business Email Compromise Attack Look Like?

  • It appears to come from the email address of a trusted client, vendor, company executive, or even the CEO; or from your own company employee.
  • Stresses unnecessary urgency.
  • Asks for a funds transfer, a bank check, sensitive personal data or account data.
  • States payment has failed and needs credit card information.
  • Asks to change vendor payee or remittance information.

How Can You Avoid These Scams?

  • Always voice verify any transfer of funds or account/invoice changes directly using information that you already have on file.
  • Look closely at the senders email address to determine if it might be fake.
  • Use multi-factor authentication for funds transfers and money requests.
  • Follow safe password practices – use strong, complex passwords.
  • Protect office systems by installing a malware, anti-virus solution.
  • Protect email correspondence by using a strong spam filter.
  • Require training for all staff on phishing techniques to raise awareness.
  • Share this email with other employees and IT staff!!

If you would like to learn more, click below.

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