Learn how to fight business email compromise 

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20th June 2023

Learn how to fight business email compromise 

A significant cyber threat facing businesses today is Business email compromise. Business email compromise attacks jumped 81% in 2022, and as many as 98% of employees fail to report the threat.  

What is Business Email Compromise?  

It is a type of scam in which criminals use email fraud to target victims. These victims include both businesses and individuals. They especially target those who perform wire transfer payments. Business email compromise attacks are usually well-crafted and sophisticated, making it difficult to identify them.  

The attacker first researches the target organisation and its employees online. They gain knowledge about the company’s operations, suppliers, customers, and business partners. The scammer pretends to be a high-level executive or business partner. Scammers send emails to employees, customers, or vendors. These emails request them to make payments or transfer funds in some form.  

The email will often contain a sense of urgency, compelling the recipient to act quickly. The attacker may also use social engineering tactics. Such as posing as a trusted contact or creating a fake website that mimics the company’s site. These tactics make the email seem more legitimate.  

According to the FBI, business email compromise scams cost businesses about $2.4 billion in 2021. These scams can cause severe financial damage to businesses and individuals. They can also harm their reputations.  

How to Fight Business Email Compromise  

These scams can be challenging to prevent. But there are measures businesses and individuals can take to cut the risk of falling victim to them.  

  • Educate Employees  
  • Enable Email Authentication  
  • Deploy a Payment Verification Processes  
  • Check Financial Transactions.  
  • Establish a Response Plan  
  • Use Anti-phishing Software 


Microminder is the leading strategic IT business partner in the dental sector – we have been proudly supporting the dental community for over three decades.   

We pride ourselves on building lasting relationships with our clients where they trust us with their IT strategy, implementation and ongoing support, allowing them to focus on patient care.   

Our solutions, IT Support, Managed Services & VoIP Telephony are cost-effective and inspired by the latest technology, underpinned by market-leading technology partners such as Microsoft, Datto and Software of Excellence.    

Microminder’s experts are passionate about technology and are always on hand to support and guide you, so please get in touch today:    

Call us on 0208 799 6883 or follow us on social media.

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