Blog | G5 Cyber Security

FBI: Email Scams Take $3.1 Billion Toll on Businesses

Business-related inbox scams are reaching epidemic levels with the total cost to business reaching a whopping $3.1 billion. The FBI has stepped up its BEC awareness campaign less than a month since it released its annual Internet Crime Complaint Center (IC3) In that report, the FBI reported U.S. businesses were hit hardest by BEC scams in 2015 with 7,838 complaints and losses of more than $263 million. BEC crimes attempt to trick email recipients into wire transfers, forwarding sensitive employee data such as W-2 data, paying fake invoices, or hijacking employee email accounts.

Source: https://threatpost.com/fbi-email-scams-take-3-1-billion-toll-on-businesses/118696/

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