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Cyber Security

BEC Wire Transfers Average $80K Per Attack

The average wire-transfer loss from business email compromise (BEC) attacks is significantly on the rise. In the second quarter of 2020 the average was $80,183, up from $54,000 in the first quarter. The rise in dollar amounts could be driven largely by one Russian BEC operation, which has been targeting companies for an average of $1.27 million per effort. BEC fraudsters were found to request funds in the form of gift cards in 66 percent of BEC attacks.

Source: https://threatpost.com/bec-wire-transfers-average-80k/158914/

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