CISO Strategy Guide

How to stop the multi-billion dollar problem of BEC

Business email compromise (BEC) is one of the most prevalent and financially damaging forms of cybercrime. The number of successful attacks continues to rise year on year and cost organizations a total of $2.7 billion in 2022.

In this guide, we explore the components of a BEC attack, why these attacks are difficult to detect with traditional technology and how AI-driven and behavior-based security can help protect your organization.

The anatomy of a BEC attack

Understand how cybercriminals create business email compromise (BEC) attacks. Be aware of tactics and technical measures used like domain spoofing, lookalike domains, and display name spoofing.

47%

increase in lost funds from BEC since 2020

2nd

costliest form of cybercrime

Supplement the native capabilities of your existing cloud email solutions with third-party security solutions, to provide phishing protection for collaboration tools and to address… BEC-type phishing scenarios.

2023 Market Guide for Email Security, Gartner®

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