BEC attacks have hit thousands, top $5 billion in losses globally

An updated advisory form the FBI says that Business Email Compromise (BEC) attacks have become a multi-billion-dollar scam worldwide. Victims include businesses both large and small, operating in any number of vertical markets, proving that the criminals aren’t picky about who they’ll target. According to the published data, between January 2015 and December 2016 the amount of exposed losses skyrocketed by more than 2,000-percent, with BEC attacks being reported in all fifty states and 131 countries.”]

Source: https://www.csoonline.com/article/3195010/bec-attacks-have-hit-thousands-top-5-billion-in-losses-globally.html