Definition: BEC (Business Email Compromise)

The BEC fraud is a scam specifically targeting companies. The criminals pretend to be part of the structure or in partnership (as a team member, a subcontractor…) and target employees with access to financial data (CFO, accountant…). They encourage them to make transfers to apparently reliable accounts (they are not). The techniques vary: identity theft (or spoofing), spear phishing, malware…