The B2B Payments Fraud Threat Of Internal Employees

Ten percent of business email domains are protected from spoofing, according to recent Security Boulevard reports. That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment. The risk can also lead to fraudsters spoofing the email addresses of C-Suite executives to initiate payments to a fraudster’s account.