Fi911

JUNE 9, 2025

Business email compromise attacks cost organizations $2.4 Technical Defense Strategies Email authentication forms the foundation of BEC defense. Rules should flag emails with slight domain variations, urgent payment requests, or changes to banking details. Continuous monitoring catches compromises early.

Email Compromise

Fintech News

MAY 8, 2025

The surge of deepfakes The rise of AI has also led to a surge in deepfake attacks. The technology is enabling large scale impersonation scams, including executive-level business email compromise (BEC) attacks and misinformation campaigns. Losses are projected to reach INR 700 billion (US$8.3 billion) in 2024 alone.

Data Breach

PYMNTS

AUGUST 24, 2020

The business email compromise (BEC) scam continues to rear its ugly head at the enterprise, with the global pandemic creating even more avenues through which cyber attackers can steal company money. At the heart of BEC and other scams is impersonation.

Deepfake

PYMNTS

SEPTEMBER 10, 2019

9) that Toyota Boshoku Corporation, one of Toyota’s car parts suppliers, lost more than $37 million to a Business Email Compromise scam, in which a cybercriminal directed a professional within the company to pay a fraudulent vendor invoice. “A billion has been lost to the Business Email Compromise scam between 2013 and 2018.

Email Compromise