Business Email Compromise (BEC) Attacks: Threats, Vulnerabilities and Countermeasures—A Perspective on the Greek Landscape
Business Email Compromise (BEC) attacks have emerged as serious threats to organizations in recent years, exploiting social engineering and malware to dupe victims into divulging confidential information and executing fraudulent transactions. This paper provides a comprehensive review of BEC attacks...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-09-01
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| Series: | Journal of Cybersecurity and Privacy |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2624-800X/3/3/29 |
| _version_ | 1797579460305747968 |
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| author | Anastasios Papathanasiou George Liontos Vasiliki Liagkou Euripidis Glavas |
| author_facet | Anastasios Papathanasiou George Liontos Vasiliki Liagkou Euripidis Glavas |
| author_sort | Anastasios Papathanasiou |
| collection | DOAJ |
| description | Business Email Compromise (BEC) attacks have emerged as serious threats to organizations in recent years, exploiting social engineering and malware to dupe victims into divulging confidential information and executing fraudulent transactions. This paper provides a comprehensive review of BEC attacks, including their principles, techniques, and impacts on enterprises. In light of the rising tide of BEC attacks globally and their significant financial impact on business, it is crucial to understand their modus operandi and adopt proactive measures to protect sensitive information and prevent financial losses. This study offers valuable recommendations and insights for organizations seeking to enhance their cybersecurity posture and mitigate the risks associated with BEC attacks. Moreover, we analyze the Greek landscape of cyberattacks, focusing on the existing regulatory framework and the measures taken to prevent and respond to cybercrime in accordance with the NIS Directives of the EU. By examining the Greek landscape, we gain insights into the effectiveness of countermeasures in this region, as well as the challenges and opportunities for improving cybersecurity practices. |
| first_indexed | 2024-03-10T22:36:30Z |
| format | Article |
| id | doaj.art-b7f8565a4c0541fba4e1f456fbf55957 |
| institution | Directory Open Access Journal |
| issn | 2624-800X |
| language | English |
| last_indexed | 2024-03-10T22:36:30Z |
| publishDate | 2023-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Journal of Cybersecurity and Privacy |
| spelling | doaj.art-b7f8565a4c0541fba4e1f456fbf559572023-11-19T11:22:06ZengMDPI AGJournal of Cybersecurity and Privacy2624-800X2023-09-013361063710.3390/jcp3030029Business Email Compromise (BEC) Attacks: Threats, Vulnerabilities and Countermeasures—A Perspective on the Greek LandscapeAnastasios Papathanasiou0George Liontos1Vasiliki Liagkou2Euripidis Glavas3Cyber Crime Division, Hellenic Police, 173 Alexandras Avenue, 11522 Athens, GreeceDepartment of Materials Science and Engineering, University of Ioannina, 45110 Ioannina, GreeceDepartment of Informatics and Telecommunications, University of Ioannina, Kostaki Artas, 47150 Arta, GreeceDepartment of Informatics and Telecommunications, University of Ioannina, Kostaki Artas, 47150 Arta, GreeceBusiness Email Compromise (BEC) attacks have emerged as serious threats to organizations in recent years, exploiting social engineering and malware to dupe victims into divulging confidential information and executing fraudulent transactions. This paper provides a comprehensive review of BEC attacks, including their principles, techniques, and impacts on enterprises. In light of the rising tide of BEC attacks globally and their significant financial impact on business, it is crucial to understand their modus operandi and adopt proactive measures to protect sensitive information and prevent financial losses. This study offers valuable recommendations and insights for organizations seeking to enhance their cybersecurity posture and mitigate the risks associated with BEC attacks. Moreover, we analyze the Greek landscape of cyberattacks, focusing on the existing regulatory framework and the measures taken to prevent and respond to cybercrime in accordance with the NIS Directives of the EU. By examining the Greek landscape, we gain insights into the effectiveness of countermeasures in this region, as well as the challenges and opportunities for improving cybersecurity practices.https://www.mdpi.com/2624-800X/3/3/29Business Email Compromise (BEC)cybercrimesocial engineeringphishingGreece legislation NIS compliance |
| spellingShingle | Anastasios Papathanasiou George Liontos Vasiliki Liagkou Euripidis Glavas Business Email Compromise (BEC) Attacks: Threats, Vulnerabilities and Countermeasures—A Perspective on the Greek Landscape Journal of Cybersecurity and Privacy Business Email Compromise (BEC) cybercrime social engineering phishing Greece legislation NIS compliance |
| title | Business Email Compromise (BEC) Attacks: Threats, Vulnerabilities and Countermeasures—A Perspective on the Greek Landscape |
| title_full | Business Email Compromise (BEC) Attacks: Threats, Vulnerabilities and Countermeasures—A Perspective on the Greek Landscape |
| title_fullStr | Business Email Compromise (BEC) Attacks: Threats, Vulnerabilities and Countermeasures—A Perspective on the Greek Landscape |
| title_full_unstemmed | Business Email Compromise (BEC) Attacks: Threats, Vulnerabilities and Countermeasures—A Perspective on the Greek Landscape |
| title_short | Business Email Compromise (BEC) Attacks: Threats, Vulnerabilities and Countermeasures—A Perspective on the Greek Landscape |
| title_sort | business email compromise bec attacks threats vulnerabilities and countermeasures a perspective on the greek landscape |
| topic | Business Email Compromise (BEC) cybercrime social engineering phishing Greece legislation NIS compliance |
| url | https://www.mdpi.com/2624-800X/3/3/29 |
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