Have you, a colleague or a friend ever received a suspicious email? It is of paramount importance to know how to report email fraud in order to avoid all the unpleasant consequences that might come from it, especially if we’re talking about the compromise of your business email – revenue loss, data breach, reputation damage, maybe even your dismissal.
What Is Email Fraud?
Email fraud or email scam refers to the use of email to intentionally deceive another person for personal gain or to harm them. Some of the most common forms of email fraud are phishing, spoofing, and Business Email Compromise (BEC). Let’s take a closer look at each type of these email-based attacks:
Phishing is a malicious technique based on deception, used to steal sensitive information (bank account details, credit card numbers, usernames, passwords, etc.) from users. The attackers pretend to be a trustworthy entity (usually by copying the look and feel of a big brand) to trick the victims into revealing their confidential data.
If a phishing attack is successful, it means that malicious third parties managed to gather private data. The stolen information is then sold or used to commit financial theft or identity theft. Hackers also