Are you ready to defend your organization from a threat that is 64 times worse than ransomware? Learn more about it and how to steer clear!
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These 10 business email compromise statistics show the scale and scope of this nasty threat to every business & how automation mitigates it.
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The world is in the midst of a cybercrime boom – overall, about 80% of firms experienced an increase in cyberattacks in 2020. The US Federal Bureau of Investigation (FBI) IC3 Internet Crime Report that released just a short time ago gave some sense of the scale of the problem. The star of the show is the record 69% increase in reported […]
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The Federal Bureau of Investigation (FBI) reported that in 2019, business email compromise (BEC) scams accounted for $1.7 billion or half the total cybercrime losses for that year. The FBI also received 23,775 BEC scam complaints — an average of $75,000 per complaint. In comparison, the average loss per complaint was $500 for phishing attacks […]
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According to the recently released Verizon 2019 DBIR report, Social Engineering and BEC Scams contributed to 370 incidents and 248 confirmed breaches. FBI’s Internet Crime Complaint Center (IC3) said that losses from business email compromise (BEC) scams reached $1.2 billion in 2018, almost double the adjusted losses of $675 million in 2017. BEC or Business […]
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Business email compromise (BEC) scams have been growing in prevalence and creativity over the past couple of years. Today, it is recognized as a major financial cyberthreat, impacting businesses across the globe. In January 2015, the Internet Crime Complaint Center (IC3) and the FBI released a public service announcement that warned of a sophisticated scam […]
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