U.S. businesses are losing millions in fraudulent wire transfers that have their root in email compromises of accounts belonging to top executives. Since January, the FBI said there has been a 270 percent increase in the number of victims. Most of the victims are businesses that work with foreign suppliers and move money over wire transfers. Since October 2013, there are almost 8,200 victims and close to $800 million in actual and attempted losses. The FBI advises organizations to write rules that flag emails that are similar to the company s email convention.
Source: https://threatpost.com/fbi-social-engineering-hacks-lead-to-millions-lost-to-wire-fraud/114453/