The Silicon Valley Bank Collapse Fallout: How to Protect Your Business Against BEC
The recent collapse of Silicon Valley Bank (SVB) in the US has resulted in uncertainty throughout the banking sector, and with it, an increased risk of Business Email Compromise (BEC) – since vendors and suppliers will be updating their banking information at a much higher volume than usual.
The size of BEC threats isn’t new: Expel’s Annual Threat Report (Great eXpeltations 2023) highlights it as the top threat targeting its customers last year, representing 50% of all incidents.
But the SVB situation gives threat actors a ripe opportunity for payment counterparty fraud, often beginning with compromised or forged emails resulting from Business Email Compromise (BEC).
Join Chris Waynforth, GM & VP International, Silvia Rodriguez Garcia, Principal Solutions Architect, and Astha Adhikari, Solutions Architect, from cybersecurity provider Expel to learn:
- Types of BEC specific to this situation
- Tips to better protect your organisation from BEC
- How Expel can help your organisation adopt a strategic approach to BEC attacks