Email is one of the most trusted tools in business. It’s how executives give direction, how vendors send invoices, and how major financial transactions are confirmed. But that trust is exactly what criminals are counting on.

Business Email Compromise (BEC) is one of the most financially devastating cybercrimes today, largely because individuals and businesses rely so heavily on email for everyday communication. In a BEC scam, a criminal sends a message that appears to come from a known, legitimate source. It could look like an urgent request from a CEO asking for a quick response, or a title company providing updated wire instructions before a home closing. The email feels routine, and that’s what makes it so convincing.

Fraudsters carefully mimic real email addresses, websites, and branding. They often use subtle variations designed to trick the eye, such as misspelled URLs like “meridianbanks.com,” “paypall.com,” or “gooogle.com.” They may also gather personal details shared publicly on social media — including birthdays, pet names, schools attended, or family connections — to guess passwords or bypass security questions.

Protection starts with vigilance. Avoid clicking links in unsolicited emails or text messages asking you to update or verify account information. Instead, look up the company’s phone number independently and confirm the request directly. Carefully examine email addresses, URLs, and spelling, and never open unexpected attachments.

Adding multifactor authentication (MFA) strengthens security by requiring more than just a password. For business banking customers, Meridian’s Positive Pay service helps prevent check or ACH fraud by matching payments against an approved list and allowing businesses to review discrepancies.

Staying cautious and using these safeguards can help prevent costly fraud. Learn about other helpful tips and related topics at Meridian Bank.