The FBI has released a Public Service Announcement regarding the continuing growth of Business Email Compromise (BEC).
There are is a good deal of useful information in this PSA as well as some remarkable statistics regarding the monetary impact of business email compromise crimes. The FBI defines BEC as a sophisticated scam targeting businesses working with foreign suppliers and businesses that regularly perform wire transfer payments. Formerly known as Man-in-the-Email scams, these schemes compromise official business email accounts to conduct unauthorized fund transfers.
Click Here to read the full PSA.
Read more on this crime with additional info from the FBI by clicking here.