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Vendor Email Compromise Definition: Vendor Email Compromise occurs when cybercriminals hack into the email accounts of vendors or partners to gain unauthorized access to sensitive information, conduct fraud, or launch further cyber attacks.
Vendor Email Compromise (VEC) is a cyber attack where cybercriminals target a vendor's email account to gain unauthorized access. This attack is aimed at tricking employees or customers into making payments or sharing sensitive information by impersonating the vendor. VEC often involves sophisticated social engineering techniques and can lead to financial losses, data breaches, and reputational damage for organizations. It highlights the importance of secure email practices, two-factor authentication, and ongoing cybersecurity training for vendor management.