New “BEC-as-a-Service” Trend Means Just about Anyone Can Launch an Attack
Business email compromise (BEC) scams have proven to be a lucrative venture, and the criminals behind them are looking to add another revenue stream to their successful business model: BEC-as-a-Service. These actors make it easy for their customers to impersonate CFOs and other executives to request urgent wire transfers, payment of fake invoices, and other actions designed to divert their targets’ money into their hands. This is bad news in an environment where BEC attacks already cost organizations billions of dollars.