Acronym for Business Email Compromise—targeted email fraud to steal money or data from businesses.
BEC stands for Business Email Compromise. See 'Business Email Compromise' for the full definition. BEC is one of the top cyber threats by financial impact, with the FBI reporting billions in annual losses.
Why It Matters
The DSC Perspective:
BEC is a top priority threat for any organisation that handles payments. Technical controls help, but process controls—like verbal verification of bank detail changes—are essential for preventing BEC losses.