Business Email Compromise Law Enforcement Phishing 
Fi911
JUNE 9, 2025
Banks and credit unions face a perfect storm of attractive targets, sophisticated attackers, and mounting regulatory scrutiny that makes BEC prevention a critical priority. Understanding BEC Attack Vectors in Banking Modern BEC attacks against financial institutions follow predictable patterns.
PYMNTS
JANUARY 27, 2020
The Business Email Compromise (BEC) continues to evolve. New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients.
PYMNTS
OCTOBER 7, 2020
The Financial Crimes Enforcement Network recently issued a warning that fraudsters are leveraging various illicit methods, including malware, phishing schemes, extortion and business email compromise (BEC) scams — all with a COVID-19 twist.
PYMNTS
OCTOBER 17, 2018
The SEC’s investigations focused on “business email compromises” (BECs), where criminals posed as company executives or vendors and used emails to trick employees into sending large sums to fraudulent bank accounts. The activity sometimes lasted months and was often only discovered after law enforcement or other third parties got involved.
PYMNTS
DECEMBER 20, 2019
They engaged in a phishing scheme, sending emails to employees and agents of the companies, seeking outstanding bills and asking the companies to send money to accounts in Latvia and Cyprus that Rimasauskas operated, according to U.S. They said they had recovered their funds and were cooperating with law enforcement, Bloomberg reported.
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