In this article, TEMPLARS Managing Partner (Ghana), Augustine Kidisil, and Senior Associate, Paa Kwame Larbi Asare, examine the growing threat of Business Email Compromise (BEC), a sophisticated scam that targets companies through deceptive emails, leading to significant financial and legal consequences.
They discuss key legal cases where BEC victims were still held liable for fraudulent payments, underscoring the need for businesses to fully understand their responsibilities and potential liabilities. The article also offers practical strategies to mitigate BEC risks, including fraud alerts, payment verification processes, employee training, enhanced cybersecurity measures, and advice on responding to incidents