What is BEC?
Business Email Compromise is an online scam in which an attacker disguised as a corporate executive, convinces the employees of the organization, clients, or partners to transfer funds.
BEC scams may also target personally identifiable information (PII) or employee tax records in addition to money.
The big picture
FBI announced the arrest of 281 alleged email scammers as a result of Operation reWired.
What should you do?
If you have reasons to believe that you are a victim of a BEC scheme, contact law enforcement officers immediately. As preventive measures, the Internet Crime Complaint Center recommends: