Business Email Compromise 101
BEC Remains A Persistent Threat For One Big Reason
– It’s Still Really Effective
According to the FBI’s Internet Crime Complaint Center (IC3), BEC scams cost a whopping $55.5 billion over the past decade.
BEC is challenging to prevent, especially when vendors are compromised, but SpyCloud believes prevention begins with addressing the human attack surface, particularly the prevalence of poor password hygiene. When passwords are reused between employees’ or vendors’ work and personal accounts, credentials that have already been exposed in a data breach are fair game for use in BEC campaigns.
This report examines the very human problem of password reuse and the social engineering tactics used by criminals to dupe organizations. As this report explains, all it takes to steal from your business is a single compromised account.
Solution:
Account Takeover Prevention
Detect and automatically reset exposed credentials before criminals can exploit them to bypass MFA and take over accounts.
Check Your Exposure
See your real-time breach exposure details powered by SpyCloud data.