Internet Crime Complaint Center: Public Service Announcements Regarding Business Email Compromises and EMail Compromises
Business E-Mail Compromise: Business Email Compromise (BEC) is defined as a sophisticated scam targeting businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments. The scam is carried out by compromising legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds. Most victims report using wire transfers as a common method of transferring funds for business purposes; however, some victims report using checks as a common method of payment. The fraudsters will use the method most commonly associated with their victim’s normal business practices.
E-Mail Account Compromise: E-mail Account Compromise (EAC) is a sophisticated scam that targets the general public and professionals associated with, but not limited to, financial and lending institutions, real estate companies, and law firms. The EAC scam is very similar to the Business E-mail Compromise (BEC) scam, except that it targets individuals rather than businesses.