Business Email Compromise
At My IT Guy, we help our clients to effectively prevent business email compromise (BEC).
Successfully preventing BEC for our clients
Business email continues to be the main channel of communication in the corporate world.
Even with the implementation of remarkable tools such as Teams and Slack, it’s impossible to even think of conducting business without email. This channel of communication continues to be an undisputed necessity for everyone in business but many times its barebones implementation creates serious vulnerabilities. Neglect is not the way to do business these days.
Business email cannot be replaced as it remains the most effective, flexible way for professionals to communicate on a daily basis. However, taking care of such vulnerabilities is paramount to prevent any potential breaches into the organization’s network.
At My IT Guy, we help our clients to effectively prevent business email compromise (BEC). Our team will always recommend being diligent when it comes to cybersecurity and protecting our business assets from malicious parties… and with business email, there is no exception.
Why Should You Care About Business Email Compromise?
Does your business use email every day? Is email essential during your workflow? Do you communicate with your clients over email? Does your business use wire transfers?
Take a good look at your business and ask yourself these questions. BEC can represent a turning point for your organization if you don’t implement the right tools and resources to keep the threat at bay.
Thousands of organizations around the world are suffering losses every year due to successful BEC attacks. How is this possible in the days of accessible, affordable cybersecurity?
Today, professionals such as the ones behind My IT Guy can easily protect your business from the BEC threat with flexible, effective tools. By leveraging AI and machine learning, we set up powerful automation mechanisms that keep attacks away from our clients’ inboxes.
The possibility of the hacker to succeed is canceled since the very first moment.
The decision to comply with these standards in cybersecurity may save thousands of dollars to your company.
Preventing Business Email Compromise as a Pressing Priority
For decades now, email has been the main channel for business communication. New tools haven’t been able to replace this straightforward yet convenient way to communicate. They definitely are solid options yet remain ineffective replacements for what has become an incomparable tool.
And because all businesses depend on emails today, criminals online have always targeted them to illegally profit.
As a result, modern, conscious organizations understand well the need for using the right cybersecurity mechanisms to protect inbound and outbound email communications. They monitor, audit, study, and implement at an agile pace to keep their defenses up and running.
The team behind My IT Guy has been providing specialized solutions that prevent BEC in both small and big organizations.
Email Compromise Can Make or Break Your Business
It’s difficult for many organizations to deeply understand how impactful suffering a successful cyberattack may be. When they do, oftentimes is late. They are learning through experience. In these scenarios, they likely had no defenses, no contingency plan, no backups, no awareness on how cybercrime occurs, nothing.
These are the ingredients for a major catastrophe for any modern business.
The email has been here for decades now and it’s going to stay for a few more. Organizations, big and large, continue to rely heavily on it. Even with new tools that enhance communication, email remains quintessential.
We, the professionals, will further communicate over this channel. If we don’t have the tools to keep threats at bay, we are actively choosing to be exposed.
And from this same central importance, we can see how major consequences distill when things go wrong. When cybersecurity standards aren’t met, disaster follows. The real problem is that these consequences don’t only represent a hassle for the ones in charge but a significant loss in productivity and money.
Companies that are going through difficult times (something that is quite normal in the days of COVID-19) may find the end of the road if their most sensitive data gets compromised. They may experience critical leaks and deception into transferring funds to criminals online.
In these cases, only when experienced the consequences, is when organizations actually realize how much money they could save by implementing the right cybersecurity actions, many of them even required by the authorities. And while everything starts with awareness, the powerful tools available should be top priority.
Scams and Spear Phishing as a Way to Deceive
Data is a key asset for most modern organizations.
Despite its great importance, many organizations neglect the ways they protect this data. However, others understand how important it is to implement the right mechanisms and be on top of their integrity online.
Scams and spear-phishing find their way through business email compromise, something that should always be in the spotlight for conscious organizations. Malicious parties use deception and fear to lead the victim towards the trap and ultimately steal sensitive data. By using previously stolen information, they are able to craft false personas that are employed to deceive users.
Oftentimes, these luring efforts are high-quality ones, especially when conducted by large criminal operations. That’s why effective methods should be used to prevent problems on a daily basis.
BEC and Social Engineering
Social engineering is a threat to everyone online. It comes to be especially dangerous for organizations as they handle sensitive information over email. BEC has favorites, of course: those within organizations that are responsible for funds and payments, so it’s no surprise that successful attacks lead to significant losses.
Many businesses rely on wire transfers, making business email compromise a very attractive option to malicious parties. If they succeed in their social engineering tactics, they can make a high-level employee transfer them money.
Stakeholders do not believe this until it happens to them. BEC affects thousands of organizations around the world each year. In 2016, this cybersecurity issue was the cause for an average of US$140,000 in losses. For a small company, a successful attack may represent the end.
We help our clients to prevent this scenario by implementing effective tools that protect their everyday workflows. When it comes to cybersecurity, My IT Guy has always provided a guarantee of success and trust, something we achieve by using the best products and giving our best as professionals.
Modern Solutions for Modern Problems
At My IT Guy, we fight BEC by using the most powerful solutions in the market. Proofpoint and Ironscales, leading solutions available today, leverage groundbreaking technologies such as AI and machine learning to detect threats on time and protect organizations.
According to our vast experience in business email compromise, both Proofpoint and Ironscales have the potential to help organizations with such a consequential threat. These allow us to automatically scan incoming emails and detect any chance of cyberattacks. Their implementation, when done properly by experts, can make the difference between a vulnerable network and a well-protected infrastructure.
With the right tools, implemented by effective professionals, social engineering becomes an irrelevant threat to your organization. Along with awareness training, you can rest assured that your organization is absolutely protected from BEC attacks. Today, this is an essential condition for modern businesses to focus on producing the best work they possibly can.
If you need to protect your company and prevent any chance of disastrous business email compromise, the My IT Guy team can help.
Send us a message today to get more information.