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Business Email Compromise: The $12 Billion Scam

Business Email Compromise: The $12 Billion Scam

Created: Tuesday, July 17, 2018 - 14:05
Categories:
Cybersecurity

The FBI’s Internet Crime Complaint Center (IC3) has updated its Public Service Announcement (PSA) on the threat of Business Email Compromise scams. This latest PSA includes updated statistical data for the time frame of October 2013 to May 2018, which includes the estimate that during this period total domestic and international losses to the scam have amounted to over $12 billion. The PSA includes suggestion for protecting individuals and organizations to protect themselves from this activity, which includes steps to take if you suspect you’ve fallen victim to a BEC scam. FBI IC3.