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Business Email Compromise Is Still Driving Executive Identity Theft

Business email compromise (BEC) scams are tricking workers into sending money to rogue bank accounts at an alarming rate. From December 2016 to May 2018, the FBI observed a 136 percent increase in losses to BEC scams. The real estate sector is particularly at risk, and the number of real estate transaction incidents increased by more than 1,110 percent from 2015 to 2017. The FBI noted that banks in China and Hong Kong remain the primary destinations for fraudulent bank accounts. To prepare your enterprise for a BEC attack, consider a layered defense.”]

Source: https://securityintelligence.com/heres-why-business-email-compromise-is-still-driving-executive-identity-theft/

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