Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

It's somehow fitting that Groundhog Day and tax scam season overlap. Much like the 1993 Bill Murray film where he repeatedly experienced the same day, tax season scammers come out of their hole every year at the same time and tend to use the same attack methods against organizations and regular taxpayers. These scammers stick to these tried-and-true methods because they still work.

To carry out business email compromise (BEC) fraud, a con artist impersonates an organization’s senior manager, business partner, or supplier and tries to manipulate an employee into transferring money to the wrong destination. The rogue message typically comes from a spoofed or previously hacked email address, which makes the foul play highly persuasive. Essentially, BEC is a type of phishing focused on the enterprise.