An employee in the finance department received a signed email from a senior executive's company email address. The email instructed the employee to urgently wire a substantial sum of money to an overseas account for a confidential deal. Which of the following best describes the type of attack that the finance employee might be encountering?
Business Email Compromise (BEC) is a type of cyberattack that involves the unauthorized access or manipulation of a company's email system for fraudulent purposes. BEC attacks are typically sophisticated and rely on social engineering tactics to deceive employees, partners, or customers into taking actions that benefit the attacker. This type of cyberattack is also known as CEO Fraud or Email Account Compromise.
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What are the common signs of a Business Email Compromise (BEC) attack?
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How can companies protect themselves from Business Email Compromise attacks?
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What distinguishes Business Email Compromise from other types of phishing attacks?