Everyone at some point receives an e-mail that seems fishy, and perhaps prompts them to show it to someone else, wondering, “Do you think this is legitimate?”
There are good reasons people are asking that.
We’re talking about the e-mail that appears to be from a vendor your company regularly deals with, asking for an updated mailing address and or banking account information – or the e-mail that appears to be from DocuSign but doesn’t tell you what it’s all about, and is asking for your signature. These and many other emails like them fall under the category of Business E-mail Compromise (BEC).
It doesn’t get much attention compared to some of the other threats people are discussing. But it should.
The Wall Street Journal recently reported that BEC scams accounted for $2.7 billion in losses in 2022, which was up from $2.4 billion in 2021. This is part of a larger trend that saw total losses from online scams reach $10.3 billion in 2022, which was a whopping jump from $6.9 billion in 2021.
And if it seems to you like it’s happening more frequently, you’re not imagining it. The total number of BEC attacks increased by 81 percent in 2022 alone. And we’re not talking small dollars here. Some BEC attacks cost organizations millions of dollars. All because someone trusted an e-mail.
This does not need to happen to any organization, and it’s important for the trucking industry to take steps to protect itself against these scams.
Here are four basic steps that any organization can do right away, and should do right away, to protect themselves from these scams:
For all the justified attention being given to ransomware attacks and system break-ins, there are always hackers looking to make you and your team members do their jobs for them – by tricking people with a deceptive e-mail. If they can get you to click the link, enter the information, confirm the data or – of course – send the payment, it becomes that much easier for them to scam you.
And it’s working to the tune of nearly $3 billion a year drained out of the coffers of U.S. businesses.
Let’s not let the trucking industry fall prey to these scams. Take these fundamental steps right away and contact me via email@example.com if I can be of assistance to you.