Security News > 2016 > April > BEC scammers stole $2.3 billion in less than three years (Help Net Security)

Once again, the FBI has issued a warning about business email compromise scams. Their numbers say there has been a 270 percent increase in identified victims and exposed loss since January 2015. “Victims range from large corporations to tech companies to small businesses to non-profit organizations. Many times, the fraud targets businesses that work with foreign suppliers or regularly perform wire transfer payments,” they pointed out. The losses can be massive. For example, Belgian bank … More →

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