New Business Email Compromise Trend is Scamming Investors

Since late last year, the amount of money earned from business email compromise (BEC) attacks has risen drastically. This new scheme sees scammers posing as business executives over email and asking investors to wire them large sums of money. With this new method of targeting large investors, scammers are hoping to score larger sums of money from a smaller subset of victims. Experts currently report that this BEC trend isn’t well executed because of the variety of targets that have been contacted and the lack of knowledge in the investor industry. While there are some pitfalls to this scam, experts report that threatening investors with interest charges and forfeiture of the investment causes a much faster payout. This psychology technique is what’s causing scammers to be successful. In order to avoid falling victim to a BEC attack of this nature, investment organizations need to implement verification policies before payments are released. 
See how the AgileBlue Machine Learning + User Behavior Analytics SOC-as-a-Service can keep you safe from a breach, schedule a demo.
Learn more here.

You May Also Like…

Request a Demo

AgileBlue is a software company with an innovative SOC-as-a-Service for 24X7 network monitoring, cloud security, data privacy and compliance.

Our modern SOC-as-a-Service is built on innovative machine learning and autonomous execution. If you would like to discuss our SOC-as-a-Service, Partner Program or schedule a brief demo please give us a little info and we will contact you immediately.