The e-mail showed the attacker “had really done his homework,” according to the company’s Vice President of Information Security.
“The e-mail looked and sounded exactly as though our CEO had sent it.”It was a sophisticated twist on Business E-mail Compromise (BEC), which according to the FBI, defrauds businesses of over $12 billion annually.
1 Most BEC scams ask their targets to wire funds. In this case,the attacker used credential phishing to reroute electronic transfers himself.
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