# Business email compromise

> Business email compromise — Fraud that uses a compromised or impersonated email account — often a vendor's or an executive's — to have payments sent to an account the fraudster controls, typically by "updating" a vendor's bank details.

Source: https://lopifi.com/glossary/business-email-compromise
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is business email compromise?** In accounting, business email compromise means fraud that uses a compromised or impersonated email account — often a vendor's or an executive's — to have payments sent to an account the fraudster controls, typically by "updating" a vendor's bank details.

## Also known as

- BEC

## Words this system refuses for it

- phishing (BEC is a payment fraud, not only a credential theft)
- hack

- **Category:** Payables
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** account, vendor