Cybersecurity Update for Businesses
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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!!
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