October is Cybersecurity month. This month we have been featuring a series of blogs for your education of the on-line dangers and how to make safe choices.
A type of phishing attack that is occurring in all 50 states in the US and internationally is Business Email Compromise. The financial costs are high and it is important that you be aware of this treat so as not to become a victim.
What Is Business Email Compromise?
A business email compromise attack — also known as a BEC attack — is a type of phishing attack in which a cybercriminal impersonates a high-level executive or other trusted contact and uses social engineering techniques to trick an email recipient into transferring funds into a fraudulent account
How does BEC attack happen?
BEC attacks are often highly sophisticated and carefully planned, making it difficult for a target to identify the scam. Cybercriminals generally follow a pattern like the following:
Research their target
Lay the groundwork – build relationships
Set the trap
Steal the funds
For more information about Business Email Compromise, reference the infographic by Wombat Security.
Take time to share this information with friends and colleagues. Be a proactive participant in this month’s Cybersecurity awareness efforts.
To best review ways to protect you and your business’s information, confer with an expert. An agnostic technology agent or consultant can ask the right questions to determine what you need, help you gain a deeper overview of the wide range of solutions available and how each one fits in with what you’re trying to accomplish. In addition to assisting you with procurement, they can also handle ongoing care.
Comtel Communications, a telecom/technology consulting agency based in Richmond, Virginia since 1991, provides best-in-class solutions and unbiased counsel to a diverse group of small, medium, and enterprise-level businesses, totaling more than $18.2M in annual billings. Leveraging unique access to 350+ national and international providers, Comtel benefits its clients through competitive quotes from multiple sources, to ensure their business goals are met with current and dynamic telecom and technology services. Acting as a partner, long after contracts are signed and services are deployed, Comtel offers superb back-office support to manage upgrades, track orders, and provide training to clients.
Author: Peter Kraehmer