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Business Email Compromising (BEC) Scams Are Attacking The Corporate Sector
BEC is also known as a man-in-the-email scam, which is a most sophisticated and well-structured or planned scam carried out by attacking businesses ‘ legitimate email accounts through computer coding and technology or by manipulating the victims to transfer funds into scammers’ accounts, thus, making unauthorized transactions. BEC is the most widespread fraud and scam that makes businesses suffer plenty of losses, it has existed ever since email accounts exist.
