Business Email Compromise: Prevent Wire Transfer Fraud & W-2 Phishing
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Last updated: July 25, 2018
Though business email compromise (BEC) phishing attacks continue to plague organizations worldwide, many end users still don't fully appreciate the danger. Employees are not aware of how sophisticated these targeted social engineering attacks can be, the very real threat they pose to their personal funds and reputations, and the impact they can have on their organizations.
As we've discussed in other posts, BEC scams can be particularly sneaky, as cybercriminals use social media, vishing (voice phishing) calls, and other outlets to gather details and personalize their attacks, making them difficult for targets to spot. Because these types of spear phishing attacks can directly compromise organizations via wire transfer fraud or requests for sensitive data (like employees' W-2 tax statements), they immediately impact a business's bottom line and/or credibility.
To help you futher your security awareness training, we've created the following infographic, which explains what a BEC attack is, highlights the pervasiveness of these cybersecurity threats, and offers tips for prevention and protection.
Our infographics and other free security awareness materials can help you build a culture of security within your organization.
Please feel free to share this free resource with your employees as part of your cybersecurity awareness and training initiatives. If you prefer a PDF version, you can find it here.