Business Email Compromise (BEC) & Business Fraud Articles
Learn how Business Email Compromise, CEO fraud, vendor invoice scams, and wire transfer fraud impact organizations — and how to prevent them.
Understanding Business Email Compromise (BEC) and wire fraud
Business Email Compromise (BEC) is one of the most financially damaging cybercrimes targeting organizations. In a typical BEC attack, criminals impersonate executives, vendors, payroll managers, or trusted partners to redirect legitimate payments into fraudulent accounts. These scams often begin with phishing emails, account takeovers, or domain spoofing. Once inside email conversations, attackers monitor payment cycles and send modified invoice instructions or urgent executive requests.
CEO fraud and vendor invoice scams rely on urgency and authority. Employees may receive an email appearing to come from the CEO requesting an immediate confidential wire transfer. Accounting departments may receive updated banking details for a vendor they regularly pay. Because the email appears authentic and contextually accurate, many organizations fail to verify changes independently.
This hub provides structured guidance on Business Email Compromise, executive impersonation scams, invoice red flags, and step-by-step recovery actions if funds were sent to a fraudulent account.
Business fraud articles
What Is Business Email Compromise (BEC)? How It Works
How attackers impersonate executives or vendors to redirect payments and steal funds.
CEO Fraud Explained: Executive Impersonation Scams
How attackers impersonate CEOs or executives to pressure urgent wire transfers.
Vendor Invoice Scam Red Flags and Prevention
How criminals alter invoices or payment instructions to reroute legitimate business payments.
Sent a Wire to a Scammer? Immediate Business Recovery Steps
Urgent actions to attempt recall, notify banks, and contain financial damage.