The Scam That Can Bankrupt Your Business

Posted by Alexa Villanueva on Wed, Sep 20, 2017

The FBI has reported a 2,370% increase in business email compromise (BEC) between January 2015 and December 2016. This type of fraud includes what we at BrandProtect refer as email phishing, spear phishing, or whaling.

The scam, commonly known as “CEO fraud”, is a highly engineered attack that will typically target high-level executives by impersonating them to trick people inside the organization to provide sensitive information and ultimately making the victim wire money to a fraudulent account.

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Topics: Domain Management, Phishing, BEC Attacks, scams, email phishing

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