Over the past two years, cybercriminals have stolen hundreds of millions of dollars from US businesses by compromising their official email accounts and using those accounts to initiate fraudulent wire transfers. Over 7,000 US businesses were victimized by the so-called Business Email Compromise (BEC) scam and reported a staggering $748 million in actual and attempted losses, the FBI said in an alert issued late yesterday. Another 1,113 companies reported similar incidents over the same period and FBI estimated losses from these incidents at around $51 million.”]