Small businesses are increasingly becoming victims of business email compromise scams. Attackers impersonate company executives or suppliers to trick employees into sending payments to fraudulent bank accounts.
Security experts say these scams are becoming more sophisticated with AI-generated emails and cloned signatures.
Many businesses reported losing thousands of dollars after receiving urgent payment requests that appeared legitimate.
Companies are now being encouraged to:
- Use multi-step payment verification,
- Train staff regularly,
- And implement cybersecurity protection systems.
Experts warn that small businesses are often more vulnerable due to limited security infrastructure.
