By 
Business Email Compromise (BEC) is a type of phishing attack in which a hacker gains access to a business email account and replicates the proprietor’s identity.
In 2018 alone, BEC cost companies a staggering $1.5 billion. Cybercriminals adopt various methods to mount BEC scam. A hacker collects publicly available information about a company from your website, press releases, and even social media posts. He then attempts to attain access to an executive’s e-mail account. From 2016 to 2018, BEC made over $5 billion, and by 2020 the number may increase manifold, making it easier for cybercriminals to effectively carry out ransomware attacks.
