In recent years, Business Email Compromise (BEC) has surged, with losses reaching staggering heights. In 2023 alone, businesses in the United States reported losses close to $2.76 billion due to these scams. This isn’t just an alarming statistic—it’s a...
Many types of Business Email Compromise (BEC) scams present a sophisticated threat to organizations worldwide, exploiting the most vulnerable element of security measures: human psychology. Unlike traditional cyber-attacks that rely on brute force or complex hacking...
Email impersonation is often associated with malicious practices, such as Business Email Compromise (BEC), reputation damage, fake invoicing, and phishing schemes. The objective behind email impersonation is to defraud individuals or businesses of their money while...
Rexxfield is stoked to announce that Ronnie (the BEC-Man) Tokazowski has joined us as our BEC 1st Response Team Lead and Banking/Fintech AML Disruption and Liaison Coordinator. Contact Ronnie at: ronnie (at) rexxfield.com What Can Ronnie and Rexxfield do for you? Help...
Invoice scams are on the rise. 1,600 people search for “PayPal invoice scams” every month in the US alone. Add that to other invoice scams pretending to come from Best Buy subsidiary The Geek Squad, accounting package Quickbooks, and even anti-virus...
A little known scam type has become the most lucrative type there is. Are you at risk? Is your business at risk? It’s called Business Email Compromise or BECs for short, and in 2022 on average each victim lost USD$125,000. If you own a business or are a business...
