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BEC and EAC—usually has wire fraud component

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What is an email compromise scheme?
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BEC and EAC—usually has wire fraud component

Answer: E-mail Compromise Fraud: Schemes in which criminals compromise the e-mail accounts of victims to send fraudulent wire transfer instructions to financial institutions in order to misappropriate funds. The main types of e-mail compromise fraud include: Business E-mail Compromise (BEC): Targets a financial institution’s commercial customers. E-mail Account Compromise (EAC): Targets a victim’s personal accounts.

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First published on 08/14/2022

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