Imagine three small businesses facing the exact same cyber threat.
An attacker gets access to an employee’s email account. Maybe a password was stolen through phishing. Maybe the attacker found credentials from an earlier breach. However they got in, they now have something incredibly valuable: access to a real business email account.
From there, they can quietly watch.
They can learn who handles invoices. Who approves payments. Which vendors the company works with. How the owner communicates. They may even watch an existing email conversation and wait for exactly the right moment to step in.
This is Business Email Compromise, or BEC. And it’s one of the most financially damaging forms of cybercrime facing businesses today.
According to the FBI’s 2025 Internet Crime Complaint Center (IC3) Annual Report, Business Email Compromise was the second-highest crime type by reported financial losses, behind investment fraud. Businesses and individuals reported approximately $3.05 billion in BEC losses in 2025 from 24,768 complaints. Read the full FBI report here.
That’s billion with a “B.”
But statistics don’t always make cyber risk feel real.
So let’s look at what happens when the same kind of threat hits three different businesses.
Read More