Picture this: You’re the finance manager at a fifty-person manufacturing firm. Your best customer’s account is overdue – unusual, as they typically pay in full. Your customer, however, insists they’ve already paid and presents proof from the bank. So why didn’t you receive the payment?
Business Email Compromise (BEC) has cost businesses over $12.5 billion since 2013, and it’s a trend on the rise with a 136% increase in losses from 2016 to 2018.