BEC’s Payroll Diversion Fraud Investigation Report: Operational Modalities, Threat Actor Investigation, and Defensive Architectures

1. Executive Summary The global financial cybercrime landscape has undergone a paradigmatic shift, evolving from indiscriminate, high-volume phishing campaigns to highly targeted, psychologically manipulative operations that exploit the structural seams of corporate finance. Among these threats, Payroll Diversion Fraud—the unauthorized redirection of employee salary disbursements to fraudulent…