BECs can be combatted with relative ease. If you are vigilant against phishing, use strong passwords and 2-factor authentication, implement protective business processes and and train your staff on what to look out for then you can mitigate the likelihood of falling victim to BEC attacks.
If you have been a victim of business email compromise, carry out the following steps:
contact your bank as soon as possible if you’ve send money or bank details to a scammer
report the incident to the ACSC
- if any of your email accounts were compromised, change your password for your email account(s), notify anyone affected, and protect your stakeholders with a warning notice on your website informing them of the scam.