Share buttons



The web site you have selected is an external site not operated by Horizon Bank. This link is provided for convenience and informational purposes only and Horizon does not endorse and is not responsible for the content links, privacy policy or security policy of this website or app you are about to visit.  Horizon Bank is not responsible for (and does not provide) any products, services or content for this third-party site or app, except for products and services that explicitly carry the Horizon Bank name. Click Proceed to continue or Cancel to go back.

Security Advice You Can Count On.

We make it easy to do everyday banking at Horizon, but everybody still needs some sensible advice from time to time to help with their goals and strategies for saving, investing wisely and making the most out of your financial journey. That’s why we provide fresh advice topics to help you along the way.

Looking for specific advice? Use our search feature to explore our various topics.

Red Flags to Help You Prevent Business Email Compromise

Woman looking at laptop

Cyber scams are on the rise – and many target business emails. According to the FBI, business email compromise (BEC) is a “sophisticated scam that targets both businesses and individuals who perform legitimate transfer-of-funds requests.” In BEC scams, a criminal poses as a financial institution, business executive, or supplier to gain financial information from another business’s employees. This scam can cost your business thousands – or more. Understanding how BECs work and what to watch for can help prevent these losses.

First, scammers gain access to a business email account through invasive malware. For example, they may steal a legitimate email address or spoof an account by making a similar one. Next, the scammers use that email address to contact one of the victim’s business partners or employees – this is where you might get scammed. Finally, the scammer convinces the other party to initiate a wire transfer. Because the transfer request comes from a legitimate account, it’s harder for banks to spot this fraud.

You can prevent BEC scams by watching for the following red flags in emails you receive from clients or partners.

  1. Unusual language. Grammar errors, odd phrases, and generally odd language can indicate that someone is impersonating the email sender. Compare the email to others you’ve received from the individual to verify its authenticity.
  2. Spoof email addresses. These look similar to real emails but often contain different numbers or letters. They might also come from slightly modified domains. You can ensure the sender is authentic by forwarding the email to the address you’ve used before rather than directly replying.
  3. Urgent language. Emails that use language such as “Pay Immediately,” “Urgent Payment Due,” and “Fund Payment Reminder” can indicate a scam. Before responding, verify that all information is accurate in your records, and contact the sender by phone.

How to Report Fraudulent Transfers After They Happen

Even if you watch for fraudulent emails, your business email can still be compromised. Contact your financial institution to cancel the payment if you’ve initiated a fraudulent or suspicious transfer or payment. Additionally, contact your local FBI office to report the crime. Horizon Bank takes business security seriously, and our advisors are here to help your business remain financially secure. 

Call us Contact us  View our security center