Business Email Compromise - BankCherokee

Business Email Compromise

The $43 Billion Scam

Business Email Compromise/Email Account Compromise (BEC/EAC) is a sophisticated scam that targets both businesses and individuals who perform legitimate transfer-of-funds requests.

The scam is frequently carried out when an individual compromises legitimate business or personal email accounts through social engineering or computer intrusion to conduct unauthorized transfers of funds.

Click here to read the entire Public Service Announcement from the FBI and learn how the scam works and how to protect yourself and your business.