Business email compromise: The odds of being a victim are increasing

Since 2013, there have been 22,000 reported cases of BEC and EAC fraud involving $3.1 billion. Today, it is estimated more than $300 million in this type of theft occurs every month. The FinCen Advisory offers a number of red flags to help identify potential instances of fraud. While written for financial institutions, every business will find them useful in protecting their own email accounts from such fraud. In many instances, payments pass through multiple accounts, including those offshore, to make them difficult to trace.”]

Source: https://www.csoonline.com/article/3409069/business-email-compromise-the-odds-of-being-a-victim-are-increasing.html