When conducting business in the digital world, it’s important to be aware of the risks associated with email. Business Email Compromise (BEC) is a type of cybercrime that targets companies by using fraudulent emails. It can result in costly losses for organizations, so it’s essential to take measures to prevent BEC within your organization. Here are seven easy steps you can take:
1. Utilize Multi-Factor Authentication (MFA)
Implementing MFA technology is a must for protecting user accounts from falling into the wrong hands. This technology helps by verifying identities in an extra layer of security, by sending a one-time code or authentication prompt to the user’s device when attempting to access the account.
2. Educate Employees
It’s important for organizations to educate their employees on how to spot malicious emails, and what steps they should take if they receive one. They should understand that if a suspicious email appears to be from someone within the company, it is best practice to contact the sender before taking any action. The company should also provide training on data security, which will help employees identify and avoid phishing scams.
3. Implement Email Filtering
Organizations should implement a comprehensive email filtering solution that allows for protection from malicious content, phishing attempts, and other forms of cybercrime. This will help keep malicious emails out of the organization and reduce the risk of compromise.
4. Use Password Policies
Strong password policies should be implemented, ensuring that users are using secure and unique passwords for their accounts. Additionally, organizations should ensure that employees are regularly changing their passwords and not reusing them. For extra protection, two-factor authentication can be used to verify user identities.
5. Monitor Accounts
Organizations should monitor user accounts on a regular basis to identify any unusual activity or suspicious emails that may have been sent by the account. This will help to detect any malicious activity early and take the necessary steps to prevent further damage.
6. Monitor Network Traffic
Organizations should also monitor their network traffic for suspicious activity, such as large amounts of data being transferred out of the organization without authorization. This can be an indicator of a breach or attack, which should be addressed immediately. The organization should also monitor its external emails for any malicious content.
7. Use Software Solutions
Organizations should use software solutions to help protect their accounts and systems from malicious activity. These solutions can detect suspicious behavior and alert the organization, allowing for quick response times if an attack does occur. Additionally, these solutions can be used to monitor for potential vulnerabilities in the system and notify administrators before an attack takes place. When used correctly, these solutions can help protect organizations from Business Email Compromise.
By following these steps, organizations can help protect themselves from business email compromise and ensure their data and information stays secure. Implementing the right tools and implementing a comprehensive security strategy will help keep your organization safe. Always remember that prevention is better than cure, so taking the necessary steps to protect your accounts is essential in today’s digital landscape.