Defending Against BEC

Effective BEC defense requires multiple layers:

Process Controls:

Dual Authorization: Require multiple approvals for wire transfers and payment changes. Different individuals should initiate and approve significant transactions.

Out-of-Band Verification: Confirm all payment requests through separate channels. Phone calls using known numbers, not those in emails, provide crucial verification.

Standardized Procedures: Establish clear, documented procedures for financial transactions. Deviations from established processes should trigger additional scrutiny.

Vendor Management: Maintain centralized vendor databases with verified payment information. Changes require formal processes with multiple confirmations.