Australian businesses lost more than $7.2 million to email scammers last year. Australians lost $107 million to Scamwatch, ACORN and other government agencies that monitor fraud. A 53 percent jump in business email compromise (BEC) last year, according to new figures. Small businesses with fewer than 20 staff were the most likely to be targeted, and accounted for over 75 percent of the reported BEC scams. The US FBI recently reported that US victims lost $US2.7 billion ($A3.8b) to online scammers.”]
Source: https://www.csoonline.com/article/3501426/australian-fraud-losses-increasing-as-bec-scams-surge.html