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Business Email Compromise (BEC) is a cyberattack where hackers spoof or compromise trusted email accounts to trick employees into sending money to fraudulent accounts. These scams rely on social engineering—not malware—making them difficult to detect until the funds are gone. In this Huntress explainer, Javon from our Australian SOC team walks through the five stages of a BEC attack: from initial access, impersonation, and financial fraud to persistence and discovery. You’ll see exactly how attackers manipulate email conversations, change wire transfer instructions, and keep their access hidden. Chapters 00:00 – What is Business Email Compromise? 00:21 – How do attackers gain access in a BEC attack? 00:43 – How do hackers hijack email threads? 01:27 – How does financial fraud happen in BEC? 01:47 – How do attackers stay hidden in BEC scams? 02:15 – How is a BEC attack discovered? 02:38 – What damages do BEC attacks cause? 02:59 – Recap: How BEC works and why it’s so costly 🔑 Key Takeaway: BEC attacks mimic normal business communications, so even savvy employees may fall victim. That’s why BEC remains one of the most expensive cyber threats worldwide. Protect Your Endpoints, Identities, Logs, and Employees. The fully managed security platform that combines endpoint detection and response, Microsoft 365 identity protection, a predictably affordable SIEM and science-based security awareness training. Powered by custom-built enterprise technology for mid-market enterprises, small businesses, and the MSPs that support them and delivered by unrivaled industry analysts in our 24/7 Security Operations Center.