If you haven’t been hit by a BEC attack yet, there is a good chance you will be
By Andrew Frisbie, Chief Information Security Office at LCGWhat is a BEC attack?In the last several weeks, we have seen an increase in a type of cyber-attack called Business Email Compromise (BEC) – targeting businesses using Office (Microsoft) 365 email services. In this type of attack the objective is usually to influence your email communications for the purpose of convincing someone to divert payments (funds) to an illicit bank account or repository. Learning to protect your organization from BEC attacks is a cyber risk mitigation strategy against financial loss. Some examples from the past few weeks include:Company using custom email domain in Office 365 was spoofed…