Business Email Compromise Losses Top $12B, FBI Warns

July 18, 2018

The FBI has revised its figure for the total amount of financial losses from business email compromise attacks, as real estate-related scams grow.

Among the most impactful cyber-attacks is business email compromise (BEC), where criminals trick unsuspecting organizations into paying fraudulent invoices.

The FBI has calculated the estimated impact of BEC attacks that it is aware of and has determined that between October 2013 and May 2018, there has been $12.5 billion in global losses. During that period, the FBI has estimated that approximately $2.9 billion has been stolen from U.S victims.

Complete article on eweek.com


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