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FBI: Business e-mail scam losses top $3 billion, a 1,300% increase in since Jan.

Discussion in 'Network World' started by RSS, Jun 15, 2016.

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    RSS New Member Member

    The FBI’s Internet Crime Complaint Center (IC3) this week said the scourge it calls the Business Email Compromise continues to rack-up victims and money – over $3 billion in losses so far.

    +More on Network World: FBI/FTC: Watch those e-mails from your “CEO”+

    The BEC scam is typically carried out by compromising legitimate business e-mail accounts through social engineering or computer intrusion to conduct unauthorized transfers of funds, the IC3 stated.

    The impact of the scam is detailed I the IC3 stats released this week including:

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