Business Email Compromise (BEC) or Email Account Compromise (EAC) have been more frequent. Due to pandemics, many organizations needed remote operations, which meant that most business conversations were virtual. Unfortunately, this opened a gateway of opportunity for many hackers and cyber attackers. According to an FBI report prepared by the Internet Crime Complaint Center (IC3), BEC schemes have seen a surge of 2,370%. This surge has been since 2015, with more than 40,000 regional and international incidents. The total cost of EAC or Bec Attacks has been $5.3 billion, making it one of the most challenging aspects of enterprise operations. So, there is no denying that enterprises need better practices to spot and protect their business interactions from such attacks. So, here we are with an ultimate guide of best tips to spot and protect against BEC attacks. But first, let’s discuss what it is at the core? What is a BEC(Business Email Compromise)? Business Email Compromise or BEC attack is a type of phishing attack. It occurs when cybercriminals impersonate a senior-level executive or someone at the top of the enterprise hierarchy. Further, cybercriminals will use impersonation to ask employees to transfer funds into fraudulent accounts. Target victims Cybercriminals track specific enterprise communications with higher transaction volume. They monitor organizations of different sizes to extract information on transactions. Based on the information gathered, they decide on the target victim. Understanding the target victim’s persona is essential to avoid such an attack. For example, Victims are not someone without proper …

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