various types of BEC scams

The goal of these scammers is to compromise business or personal email accounts through social engineering or computer intrusion techniques.

compromised email accounts to conduct unauthorized transfers of funds or to request sensitive personal or financial information. In some cases, the scammers impersonate high-ranking company officials, legal advisors, or vendors, creating a sense of urgency or authority to prompt hasty actions by the victims.

Several distinct types of BEC scams have been observed in the wild:

  • Fake invoice schemes: This is where scammers pretend to be your suppliers. They send you fake invoices that look real, hoping you’ll just pay them without double-checking.
  • CEO fraud: Here, the scammer poses as the big boss—maybe your CEO or another top executive. They send an email that seems to come from them, usually asking for an urgent money transfer.
  • Attorney impersonation: In these scams, the fraudsters pretend to be lawyers or legal advisors, usually emailing you about something confidential or urgent that needs quick financial action.
  • Data theft: By targeting HR or finance folks, data theft scams aim to get personal or financial info about employees or the company. Remember: it’s not always about money.
  • Commodity theft: Last but not least, this type of BEC scam is a bit different because it focuses on physical goods. Basically, scammers order products or services using a compromised email account, often posing as a legitimate employee or business associate, but never paying for them.

 The scam begins with the identification of potential targets. Scammers often focus on individuals within a company who have the authority to make financial transactions or access sensitive information. These targets are usually identified through public sources such as company websites

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