Business Email Compromise (BEC) Schemes are designed to trick recipients into sending money directly to attackers. In 2016, Trend Micro reported that the average BEC attack netted $140,000 in illicit profits. FBI: Victims of BEC schemes collectively lost at least $2.9 billion in U.S. and global losses of $12.5 billion in BEC losses. In many cases, attackers pretend to be the CEO and send an email saying they need a wire transfer to be made immediately.”]
Source: https://www.cuinfosecurity.com/business-email-compromise-schemes-most-seek-wire-transfers-a-11452