Business Email Compromise (BEC) attacks are rising • Blisstech Solutions

BEC attacks illustrated. Image of a hacker standing behind a computer looking menacing

Business Email Compromise (BEC) has emerged as a significant threat to businesses worldwide in recent years. As of March 2025, there has been a staggering 30% increase in BEC attacks. In late February 2025, Microsoft Defender identified nearly 2 million phishing emails related to common BEC themes, averaging over 140,000 daily. The FBI reports BEC is among the most costly cyber threats, causing global losses over $50 billion.

What is BEC?

BEC is a sophisticated scam where cybercriminals use email to trick individuals into sending money or sharing confidential information. These emails often ‘appear’ to come from trusted sources, like company executives or known vendors, making the request appear legitimate.

Cybercriminals use different techniques to conduct BEC attacks. Typical methods involve sending false invoices, spoofing the email addresses of executives and managers, and hacking email accounts to request payments to fraudulent accounts. These techniques depend significantly on social engineering, making them challenging to identify.

The main goal of BEC attacks is financial gain. Cybercriminals seek to steal money or sensitive information for further scams. Remote working has increased BEC attacks by providing more opportunities to exploit vulnerabilities.

Protecting Your Business

Businesses can take several steps to protect themselves from BEC attacks. It is crucial to educate employees about cyber threats and how to identify suspicious emails. Strong security measures, such as multi-factor authentication and regular security training, can also help mitigate the risk. Additionally, businesses should monitor their networks for signs of compromise and have a response plan in place to deal with potential attacks.

If you would like to know more about protecting your business from the ever-growing threat of cyber attacks, please get in touch.

 

More Content

A woman on a laptop with a shield and lock on the screen

7 ways to secure small business IT

It is hard enough running a business without having to worry about how to ensure your computer systems and data are secure from bad guys.  To help you out, we have put together a list of the top 7 things that you should do to secure your small business IT systems. 1....

Tech Tip: How to Stay Cyber Safe at Christmas

CHRISTMAS SPECIAL!!! As we are on the countdown to Christmas, today's Tuesday Two Minute Tech Tip is on a (very tenuous) Christmas theme. As we all get ready for the big day we will be thinking of having a few days or even weeks off work and relaxing. Christmas is a...

Don’t Overlook Home Worker Security

Protecting Home Workers and Your Business In the current work-from-home landscape, business security strategies often overlook one crucial aspect: home office security. This oversight creates vulnerabilities that cybercriminals are actively exploiting. With more...
Cyber attacks: Stronger, faster and more sophisticated

Cyber attacks: Stronger, faster and more sophisticated

A new cyber security report has brought some bad news: Cyber attacks are getting stronger, faster, and more sophisticated. We have all the details.

It’s time to say goodbye to traditional passwords

Say goodbye to traditional passwords, say hello to Passkeys

Passwords could soon be a thing of the past, thanks to Passkeys. If you hate passwords, our latest tech update will make your day…

How to plan a big IT project

We all dream of making changes to our business that will make us more efficient and profitable, but significant changes to the technology you use to run your business should never be rushed.

Microsoft’s fixing this annoying Windows 11 fault

Microsoft’s fixing this annoying Windows 11 fault

Fed up seeing useless “Recommendations” in the Windows 11 Start menu? Good news – Microsoft’s making them more helpful. Here’s how the improvements could help your team save time…

Data loss? Save yourself a mighty headache

What would you do if all of your business data were lost? You might panic or stare at the screen in disbelief. However, if you're prepared, you'll have a safety net in place in the form of reliable and tested data backup. This means you can quickly restore your data...

Why the Cloud is not backup

Cloud computing has revolutionised the way businesses work.  Companies that utilise the cloud will have coped the best with COVID-19 imposed restrictions.  Whether forced to by circumstance or not, businesses are moving from the traditional server in the office to...

Tech Tip: How to use Conditional Formatting in Excel

This Tuesday Two Minute Tech-tip shows you how to automatically add pizzaz to your spreadsheets. Using a feature called 'Conditional Formatting', you can automatically format the cells of your Excel spreadsheet based on what is in them. For example, you can emphasise...
Share This
Contact
Love Lane
Cleobury Mortimer
Shropshire DY14 8PE

01299 382 321
[email protected]
Copyright © 2024 Blisstech Solution Ltd
Registered No: 08125391 VAT No : 307 5490 05