Accounts deceivable: Email scam costliest type of cybercrime
RICHMOND, Va. (AP) -- A shopping spree in Beverly Hills, a luxury vacation in Mexico, a bank account that jumped from $299.77 to $1.4 million overnight.
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RICHMOND, Va. (AP) -- A shopping spree in Beverly Hills, a luxury vacation in Mexico, a bank account that jumped from $299.77 to $1.4 million overnight.
Losses in the U.S. to BEC scams in 2021 were nearly $2.4 billion, according to a report by the FBI. That’s a 33% increase from 2020 and more than a tenfold increase from just seven years ago.
Business Email Compromise, or BEC, scams are by far the costliest type of cybercrime in the U.S., according to the FBI.
Losses in the U.S. to Business Email Compromise scams in 2021 were nearly $2.4 billion
Losses in the U.S. to Business Email Compromise scams in 2021 were nearly $2.4 billion