A new report from the FBI revealed that business email compromise scams cost American organizations over US$1.8 billion in 2020.<\/p>\n
Indeed, the agency declared that it had received 19,369 complaints categorized as business email compromise (BEC)\/email account compromise (EAC), meaning that individuals are persuaded to transfer funds to accounts controlled by criminals. In order to do so, the attacker compromises a legitimate business email account through social engineering or hacking, making the scam even more profitable.<\/p>\n
In 2020, hackers have started to sophisticated more and more their techniques, hence leading to a rise in BEC\/EAC complaints involving identity theft and funds being converted to cryptocurrency.<\/p>\n
Moreover, it was reported that the agency’s IC3 received 791,790 complaints of suspected internet crime in 2020, with losses exceeding $4.2 billion. The main crimes identified were phishing scams, non-payment\/non-delivery scams, and extortion.<\/p>\n
The FBI thus advises victims to notify the Internet Crime Complaint Center (IC3) and their financial institution as there is a way that money can be recovered. Indeed, out of the 1,300 incidents last year, the agency was able to freeze 82% of the funds.<\/p>\n","protected":false},"excerpt":{"rendered":"
A new report from the FBI revealed that business email compromise scams cost American organizations over US$1.8 billion in 2020. Indeed, the agency declared that it had received 19,369 complaints categorized as business email compromise (BEC)\/email account compromise (EAC), meaning that individuals are persuaded to transfer funds to accounts controlled by criminals. In order to…<\/p>\n","protected":false},"author":123458,"featured_media":23192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[3239,1158],"tags":[3597,3607,297,3621,3591,1247,3604,112,118],"yoast_head":"\n