Business Email Compromise (BEC) scams involve targeted phishing and hacking of businesses, usually by gaining remote access to an email account.
How does it work?
Scammers intercept legitimate invoices and change the payment details before sending them onto customers and clients, tricking them into thinking they’ve paid the business when in reality they have unknowingly transferred funds to the scammers’ bank account.
The biggest warning sign is receiving an unexpected request to change or update payment details from one of your regular suppliers or a business you’re engaging with.
How to protect yourself or your business
To avoid being impersonated by a scammer, we recommend:
What to do if you think you’ve been scammed