How Fraudsters Do Business Email Compromise Scams And How To Defend Against It!

How Fraudsters Do Business Email Compromise Scams And How To Defend Against It!

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Business email compromise scams (BEC) involve fraudsters posing as executives or trusted business partners to trick employees into transferring funds or sensitive information. The scams often use tactics such as spoofing email addresses, creating fake domains, and social engineering.
BEC scams can result in significant financial losses for organizations and individuals.

According to the FBI's 2021 Internet Crime Report, business email compromise (BEC) scams accounted for $1.9 billion in total losses in the United States in 2021. These scams continue to be a major threat to organizations and individuals, as they often use sophisticated tactics and take advantage of the trust that employees have in their email communications.

00:00 Introduction
00:45 The Three Key Steps Of A B.E.C Scam
01:06 Research
02:30 Spoofing
04:58 Money Laundering
06:31 Hushpuppi BEC Scheme
09:20 Google & Facebook BEC Scammed
11:08 How To Defend Against BEC Scams
12:34 LIKE, COMMENT, SUBSCRIBE!