Formerly known as Man-in-the-Email scams, these schemes compromise official business email accounts to conduct unauthorized fund transfers. FinCEN Warns Banks of Business Email Compromise Scams Playbook - Phishing. The FBI defines Business Email Compromise (BEC) as a sophisticated scam targeting businesses working with foreign suppliers and businesses that regularly perform wire transfer payments. Business email compromise schemes—though which fraudsters target businesses and their fund transfers—generated more than $300 million a month in illicit revenue during 2018, the Financial Crimes Enforcement Network reported today. The business e-mail compromise scam has resulted in companies and organizations losing billions of dollars. A type of wire fraud called business email compromise resulted in $26 billion in losses since July 2016, according to new research released Tuesday by the FBI, making it … The phishing incident response playbook contains all 7 steps defined by the NIST incident response process: Prepare, Detect, Analyze, Contain, Eradicate, Recover, Post-Incident Handling. Business Email Compromise (BEC) is a type of scam targeting companies who conduct wire transfers and have suppliers abroad.