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If the Business EmailCompromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer.
Chaos and disarray, of course, have been the hallmarks of the pandemic, and even of the leap in moving from paper checks and in-person commerce and banking to digital conduits. So, it might start with a counterfeitcheck, but it comes from social engineering from social media,” she offered as an example. What Lies Ahead.
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