Spotlight On: BEC scams – an expensive threat

On this week’s Cyber Security Brief, Dick O’Brien, Candid Wueest and Brigid O’Gorman focus on business email compromise (BEC) scams, which are a major issue for enterprises and organizations. The FBI has estimated that between June 2016 and July 2019 more than $26 billion was lost to BEC scams globally. Our experts discuss some recent examples of BEC scams, the common tactics and techniques many of these scams share, and the steps you can take to mitigate the danger to your business from these types of scams.