Two common types of fraud that often threaten organizations are phishing and business email compromise (BEC) scams are meticulously designed to appear credible, often leaving individuals and businesses vulnerable to significant losses. For example, in 2017, MacEwan University lost $9.5 million to a scam after staff were deceived by fraudulent messages. These emails, which claimed to originate from a legitimate client changing bank details, led to substantial financial loss for the university.