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Preventing Business Email Compromise Fraud

Business Banking Solutions Fraud Awareness

Business Email Compromise (BEC), also known as email account compromise (EAC), happens when someone illegally accesses an organization’s security through email and uses the access to commit fraud. All firms that use email are at risk, but those that conduct business using wire transfers and with overseas suppliers are at a higher risk.

This discussion provides insights on:

What is BEC?
How perpetrators use BEC to steal company funds
Tips to recognize suspicious emails before you click
How to prevent BEC scams from occurring in your business

podcast video Preventing Business Email Compromise Fraud

Can't Listen? Read the Article.

Read the Article

Using the age-old art of deception, criminals use a variety of methods to compromise business email accounts, such as: Phishing —using deceptive emails and websites to harvest credentials, personally identifiable information, banking and credit card details....

Featured Experts

Mark Meloy

Executive Vice President of First Business Financial Services, Inc.

Mark Meloy serves as Executive Vice President of First Business Financial Services, Inc., parent company of First Business Bank. He has enjoyed more than 40 years of commercial banking, joining First Business Bank in 2000 where he held various positions, including Chief Executive Officer, President, and Executive Vice President.

Theresa Wiese, CRCM

Managing Director of Compliance & Risk Management of First Business Bank

Theresa Wiese, CRCM, manages the risk, facilities, compliance, and internal audit functions for First Business Bank, a wholly-owned subsidiary of First Business Financial Services, Inc. Previously, she managed deposit and loan operations as well as the client service teams for the Madison location. Among other things, Theresa’s responsibilities include the prevention, detection and mitigation of fraud, risk management, physical security, internal controls, and space planning.

Kim Preston

Senior Vice President - Director of Treasury Management of First Business Bank

Kim Preston has been with First Business Bank for 30 years and has more than 35 years of experience in financial services. She leads our Treasury Management teams to assist businesses to improve cash flow, fraud mitigation, improve efficiencies, and maximize earnings. She has worked in numerous areas in the banking industry, including Treasury Management, operations, client services, business development, and internal audit.

Dawn Wilcox

IT Security & Compliance Expert

Dawn Wilcox retired in 2021 as Director of Information Technology Security & Compliance from First Business Bank with over 27 years of experience in information technology and management of information systems in the financial services industry, including nine years with the Texas Guaranteed Student Loan Corporation.