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Cyber Security

FBI: BEC Scam Losses Almost Double To Reach $1.2 Billion

In 2018 the FBI received more than 351k reported scams with losses exceeding $2.7 billion. The FBI said that in 2018, BEC scams ultimately drained victims of over $1.2 billion. Other scams, such as extortion, tech support fraud and payroll diversion continued to increase in both scale and reported losses as well. BEC groups like London Blue, Scarlet Widow and more are continuing to hone their techniques and targets to tap into this lucrative business, researchers have noted. In 2018, the FBI said it received a total of 351,936 scam complaints.

Source: https://threatpost.com/fbi-bec-scam-losses-double/144038/

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