The US Treasury recently reported that Business Email Compromise (BEC) scams, sometimes referred to as “fake CEO scams, cost U.S. businesses an average of $300 million each month in 2018. These scams are on the rise; according to Trend Micro, the number of BEC attempts worldwide increased by ~28% between 2017 and 2018. We have found that many of our new customers are susceptible to at least one version of this scam, so we wanted to share our best practices and provide actionable steps to ensure that all organizations are aware of what they can do to minimize their exposure to this risk.