Bottomline and Strategic Treasurer released the results of a survey that gathered details about corporate and banking experiences, actions and plans regarding fraud. Results show that the pandemic accelerated both the threat of fraud and the response to it. The rapid transition to a work from home (WFH) environment created exposures that outpaced structural and procedural defenses, resulting in accelerated threats and fraud loss. Smaller firms were hit the hardest (26% of small business fraud had a tie to the virus, as opposed to only 17% for larger companies).
Source: https://www.helpnetsecurity.com/2021/02/19/business-email-compromise-concern-banks/