Best Practices for Financial Institutions to Prevent Business Email Compromise
For quite a few years, malware like ransomware, phishing, Denial-of-Service (DoS/DDoS) attacks, and Man-in-the-Middle (MitM) attacks were among the top cyberattacks. But since last year, business email compromise has been the leading cause of financial losses from cybercrime. BEC, or business email compromise, is a type of social engineering scam. Cybercriminals use this tactic to…