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Companies pay out billions to fake-CEO email scams

Discussion in 'Network World' started by RSS, Jun 16, 2016.

  1. RSS

    RSS New Member Member

    Email scammers, often pretending to be CEOs, have duped businesses into giving away at least $3.1 billion, according to new data from the FBI.

    The email schemes, which trick companies into wiring funds to the hacker, continue to bedevil companies across the world, the FBI warned in a posting on Tuesday.

    The amount of money they've tried to steal has grown by 1,300 percent since January 2015, it said.

    In the U.S. alone, victims have lost $960 million to the schemes over approximately the past three years, FBI figures show. That figure reaches $3.1 billion when global data from international law enforcement and financial groups is included. The number of victims: 22,143.

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