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FBI: Business Email Compromise Cost $1.8B in 2020

The FBI’s Internet Crime Complaint Center reports the American public submitted 791,790 complaints in 2020. Total losses from cybercrime exceeded $4.1 billion. Business email compromise (BEC) scams were the most expensive, with 19,369 complaints. Phishing scams were also rampant, with 241,342 complaints a big jump from 114,702 in 2019 and adjusted losses of more than $54 million. Thousands of complaints were related to financial crime targeting the Coronavirus Aid, Relief, and Economic Security Act (CARES) stimulus funds.”]

Source: https://www.darkreading.com/attacks-breaches/fbi-business-email-compromise-cost-1-8b-in-2020

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