BEC is typically a text-based attack that uses executive or vendor impersonation to trick a victim into sending money or sensitive data. They are the most financially-devastating attacks, making up 35% of all losses to cybercrime in 2021.
Fake billing scams are attacks that are created to mimic a payment confirmation for various products or services. The emails are constructed to look like the recipient or recipient’s company has made a payment, when in fact they have not.
Malware, or malicious software, is a type of file or code that can compromise a target’s computer or network. While it can be delivered in a variety of ways, the most common delivery vector is via email.