Business Email Compromise (BEC) is a type of cybercrime where attackers impersonate a trusted figure within a company, often using email, to deceive employees into transferring funds or sensitive information. In the case of cryptocurrency, attackers might pose as executives or suppliers and request the transfer of digital assets. This can lead to significant financial losses for businesses that are tricked into sending funds to fraudulent wallets.BEC schemes often rely on social engineering, where the attacker gathers information about the target company and its employees to make their request more convincing. They may also exploit urgent situations or emotional appeals to prompt quick action.Victims often struggle to recover lost funds due to the irreversible nature of cryptocurrency transactions. Increased awareness and training for employees can help mitigate these risks, as well as implementing strong verification processes for any requests involving fund transfers.