Business email fraud, also known as email phishing, is a type of cybercrime where attackers impersonate a company or organization to trick employees into transferring money or sensitive information.
The FBI has issued a warning to businesses about the increase in email phishing attacks and is urging companies to be vigilant and educate their employees about the risks of falling victim to such scams.
Businesses can take several steps to protect themselves from email phishing attacks, including implementing multi-factor authentication, training employees on how to identify phishing emails, and regularly updating security protocols.
Companies can look for signs such as misspelled email addresses, requests for urgent action, and suspicious attachments or links.
Businesses should contact their IT department immediately, report the incident to the FBIs Internet Crime Complaint Center, and take steps to secure their systems and data.
While all businesses are potential targets for email phishing attacks, smaller companies may be particularly vulnerable due to limited resources and cybersecurity measures.
Email phishing can result in financial losses, data breaches, damaged reputation, and legal repercussions for companies that fall victim to these scams.
Employees can help prevent email fraud by being cautious of unsolicited emails, avoiding clicking on suspicious links or attachments, and verifying requests for sensitive information before providing it.
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FBI warns of spike in business email fraud.