The Rising Threat of Business Email Compromise

What this report covers:

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  Why BEC is not phishing

  Highly targeted social engineering using legitimate or spoofed accounts, often with no malicious link or attachment to detect.

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  The loss figures

  The FBI's IC3 reported $2.9 billion in BEC losses in 2023, at an average of $137,000 per incident.

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  Credential reuse as the enabler

  Employees reusing corporate addresses and passwords on personal services means a third-party breach becomes a route into corporate systems.

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  What actually reduces exposure

  Where credential screening and email reputation intervene in the BEC chain.