FBI: Business Email Compromise is a $5 Billion Industry
ID: 3c83b4ff-103f-5adb-a4da-1b739855eb65
STIX ID: report--3c83b4ff-103f-5adb-a4da-1b739855eb65
Feed Name: Security Ledger
Threat Score
The FBI warns of a sharp rise in Business Email Compromise (BEC) scams that have caused substantial financial loss—$1.6 billion in the U.S. since 2013 and $5.3 billion globally—reporting tens of thousands of incidents and trends like W-2 theft and real-estate targeting; attackers compromise or impersonate executive email accounts to trick employees into wiring funds, and authorities recommend awareness, avoiding free webmail for business, limiting social media exposure, and adopting two-factor authentication.
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