Business email compromise is a sophisticated form of cybercrime that targets commercial, governmental and non-profit organizations.
The cybercriminal impersonates a senior executive or a key vendor and sends an email to an unsuspecting employee with a seemingly legitimate business request.
The email may ask for an urgent wire transfer or sensitive information.
Understanding the scope and impact of BEC is critical for any business that wants to protect itself from this insidious threat.
The impact of business email compromise on businesses is profound and multifaceted.
The most immediate impact of a BEC attack is financial.
The financial consequences of a BEC attack can be devastating.
Beyond the financial losses, a BEC attack can have a devastating effect on a company's reputation.
Finally, a BEC attack can have legal and regulatory implications.
4 Technologies That Can Help Against BEC DMARC. Domain-based message authentication, reporting and conformance is an email authentication protocol designed to give email domain owners the ability to protect their domain from unauthorized use, commonly known as email spoofing.
Implementing DMARC can help defend against BEC by making it more difficult for attackers to spoof a company's email domain.
Advanced email filtering solutions can be an effective first line of defense against BEC. These tools use complex algorithms to scan incoming emails for signs of phishing or other malicious activities.
An advanced email filtering solution can also block or quarantine suspicious emails, reducing the chance that an employee will accidentally click on a malicious link or attachment.
This technology can help prevent BEC attacks by stopping them before they reach the inbox.
MFA requires users to provide two or more verification factors to gain access to a resource such as an email account.
MFA can be particularly effective against BEC attacks as it adds an additional layer of security.
Artificial intelligence and machine learning are changing the way we combat cybersecurity threats like BEC. These technologies can analyze vast amounts of data and identify patterns that might indicate a BEC attack.
In the fight against BEC, there are numerous technologies at our disposal.
Advanced email filtering solutions, MFA, AI and machine learning-based anomaly detection, DMARC and employee training and awareness programs all play crucial roles in defending against these attacks.
A layered approach, combining multiple technologies and practices, will provide the best defense against BEC. Recent Articles By Author.
This Cyber News was published on securityboulevard.com. Publication date: Thu, 07 Dec 2023 14:43:05 +0000