Business E-mail Compromise (BEC) is a sophisticated scam targeting organizations to fraudulently induce their employees to make funds transfer payments as a result of an impersonation of an employee, vendor, or customer.
Since 2013, when the FBI began tracking BEC, organized crime groups have targeted large and small companies and organizations in every U.S. state and more than 100 countries around the world — from non-profits and well-known corporations to churches and school systems. Losses are in the billions of dollars and climbing.
This free infographic from Nationwide and Advisen dives into which industries had the highest cost, who is being targeted, and how you can protect your company.
