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by  |  30-Nov-2015 23:24

Kathy’s son, Dave knew about the ruse and told the story to the FBI.

Reports also show victims unwittingly opening business accounts for fraudulent corporations.

BEC schemes, as the bureau notes, is “a fraud targeting businesses that regularly perform wire transfer payments.

The same goes for companies and organizations who continue to be in the crosshairs of BEC schemers.

Corporations should invest in developing actionable means to deepen its employees’ security mindset—from inculcating sufficient knowledge on social engineering lures and its damaging repercussions to the individual and the company, down to enforcing even the simplest practices of verifying sources of email messages.

Corporations like Seagate, Snapchat, Sprouts Farmers Market, and Pivotal Software are among some of the most recent incidents added to the string of attacks using this attack tactic.

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